Bleakley Financial Group LLC Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Bleakley Financial Group LLC trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,532 shares of the real estate investment trust’s stock after selling 334 shares during the period. Bleakley Financial Group LLC’s holdings in Digital Realty Trust were worth $509,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DLR. Norges Bank purchased a new position in Digital Realty Trust during the fourth quarter valued at $2,141,890,000. Balyasny Asset Management L.P. purchased a new position in Digital Realty Trust during the fourth quarter valued at $107,372,000. Kodai Capital Management LP purchased a new position in Digital Realty Trust during the fourth quarter valued at $59,087,000. Russell Investments Group Ltd. lifted its position in Digital Realty Trust by 13.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,118,834 shares of the real estate investment trust’s stock valued at $285,513,000 after purchasing an additional 253,755 shares during the last quarter. Finally, UBS Group AG lifted its position in Digital Realty Trust by 45.6% during the fourth quarter. UBS Group AG now owns 784,048 shares of the real estate investment trust’s stock valued at $105,517,000 after purchasing an additional 245,554 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 1.6 %

DLR stock opened at $157.00 on Friday. The firm has a 50 day moving average of $148.55 and a 200 day moving average of $143.64. The stock has a market capitalization of $49.05 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 11.42 and a beta of 0.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s payout ratio is 135.56%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DLR shares. TD Cowen raised their target price on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Mizuho assumed coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and raised their target price for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley lifted their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $151.20.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.