J.W. Cole Advisors Inc. lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 7,468.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,279 shares of the real estate investment trust’s stock after acquiring an additional 90,073 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Digital Realty Trust were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of DLR. Tyler Stone Wealth Management acquired a new position in shares of Digital Realty Trust in the fourth quarter worth $25,000. Core Alternative Capital increased its position in Digital Realty Trust by 1,133.3% during the first quarter. Core Alternative Capital now owns 222 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 204 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Digital Realty Trust during the first quarter worth $35,000. GoalVest Advisory LLC acquired a new position in Digital Realty Trust during the first quarter worth $51,000. Finally, GHP Investment Advisors Inc. acquired a new position in Digital Realty Trust during the first quarter worth $52,000. 95.03% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DLR has been the topic of several analyst reports. TheStreet downgraded shares of Digital Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, July 12th. Wells Fargo & Company lowered their target price on shares of Digital Realty Trust from $150.00 to $145.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 13th. Barclays decreased their price target on shares of Digital Realty Trust from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Thursday, August 18th. Jefferies Financial Group upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $151.00 to $160.00 in a report on Thursday, June 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Digital Realty Trust from $144.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.71.
Digital Realty Trust Stock Down 0.9 %
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 30th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Wednesday, September 14th. Digital Realty Trust’s dividend payout ratio is 107.02%.
Insiders Place Their Bets
In other Digital Realty Trust news, EVP Dyer Corey sold 2,504 shares of the firm’s stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $137.27, for a total transaction of $343,724.08. Following the completion of the transaction, the executive vice president now owns 11,689 shares in the company, valued at $1,604,549.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO A William Stein acquired 5,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was bought at an average price of $113.22 per share, with a total value of $566,100.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $1,132,200. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dyer Corey sold 2,504 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $137.27, for a total transaction of $343,724.08. Following the sale, the executive vice president now directly owns 11,689 shares of the company’s stock, valued at approximately $1,604,549.03. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
Digital Realty Trust Profile
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.
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