Confluence Investment Management LLC Has $86.92 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Confluence Investment Management LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 763,314 shares of the real estate investment trust’s stock after selling 2,867 shares during the period. Digital Realty Trust comprises approximately 1.3% of Confluence Investment Management LLC’s holdings, making the stock its 28th largest position. Confluence Investment Management LLC’s holdings in Digital Realty Trust were worth $86,919,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DLR. Carolinas Wealth Consulting LLC lifted its holdings in shares of Digital Realty Trust by 156.1% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 167 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in Digital Realty Trust during the first quarter valued at approximately $29,000. Clear Street Markets LLC grew its position in Digital Realty Trust by 28,900.0% in the fourth quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 289 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of Digital Realty Trust by 97.3% during the 1st quarter. Lindbrook Capital LLC now owns 432 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 213 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter worth $50,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 2.1 %

Shares of Digital Realty Trust stock opened at $128.21 on Thursday. Digital Realty Trust, Inc. has a 52-week low of $85.76 and a 52-week high of $133.39. The firm has a market capitalization of $38.81 billion, a PE ratio of 99.39, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.58 and a quick ratio of 0.58. The company’s fifty day moving average price is $123.02 and its two-hundred day moving average price is $107.94.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $1.22 dividend. The ex-dividend date is Thursday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.81%. Digital Realty Trust’s payout ratio is currently 378.29%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DLR. 22nd Century Group restated a “reiterates” rating on shares of Digital Realty Trust in a report on Tuesday, May 30th. Jefferies Financial Group raised their price objective on Digital Realty Trust from $132.00 to $144.00 in a research note on Friday, July 28th. Citigroup lifted their target price on shares of Digital Realty Trust from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Raymond James decreased their price target on shares of Digital Realty Trust from $155.00 to $140.00 in a report on Friday, July 28th. Finally, Barclays boosted their price objective on Digital Realty Trust from $80.00 to $94.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $120.93.

Insider Buying and Selling

In other Digital Realty Trust news, insider Cindy Fiedelman sold 2,770 shares of Digital Realty Trust stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $125.00, for a total transaction of $346,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

Digital Realty Trust Profile

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.