Kennebec Savings Bank Has $819,000 Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Kennebec Savings Bank trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,761 shares of the real estate investment trust’s stock after selling 126 shares during the quarter. Kennebec Savings Bank’s holdings in Digital Realty Trust were worth $819,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Oak Harvest Investment Services grew its position in Digital Realty Trust by 2.3% in the fourth quarter. Oak Harvest Investment Services now owns 49,013 shares of the real estate investment trust’s stock valued at $8,691,000 after acquiring an additional 1,101 shares during the period. Cibc World Market Inc. grew its position in shares of Digital Realty Trust by 1,926.6% in the 4th quarter. Cibc World Market Inc. now owns 112,922 shares of the real estate investment trust’s stock valued at $20,024,000 after purchasing an additional 107,350 shares during the period. Mediolanum International Funds Ltd boosted its stake in shares of Digital Realty Trust by 58.9% during the 4th quarter. Mediolanum International Funds Ltd now owns 69,437 shares of the real estate investment trust’s stock worth $12,206,000 after buying an additional 25,743 shares during the last quarter. Crews Bank & Trust bought a new position in Digital Realty Trust during the fourth quarter worth $42,000. Finally, American Institute for Advanced Investment Management LLP boosted its stake in shares of Digital Realty Trust by 1.8% in the fourth quarter. American Institute for Advanced Investment Management LLP now owns 7,170 shares of the real estate investment trust’s stock valued at $1,271,000 after buying an additional 130 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on DLR shares. TD Cowen upped their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. JMP Securities began coverage on shares of Digital Realty Trust in a research note on Monday. They issued an “outperform” rating and a $220.00 price target for the company. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Stock Up 1.6 %

DLR stock opened at $164.28 on Friday. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The stock has a market capitalization of $54.49 billion, a PE ratio of 138.05, a price-to-earnings-growth ratio of 4.11 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $182.02 and a 200 day moving average of $167.93.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.