Cardinal Capital Management Inc. lifted its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,288 shares of the real estate investment trust’s stock after buying an additional 2,537 shares during the period. Cardinal Capital Management Inc. owned approximately 0.06% of Digital Realty Trust worth $20,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Aspire Private Capital LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth $12,316,867,000. Carolinas Wealth Consulting LLC raised its stake in shares of Digital Realty Trust by 156.1% in the first quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 167 shares during the period. Quilter Plc purchased a new position in shares of Digital Realty Trust during the 1st quarter valued at about $284,991,000. Clear Street Markets LLC grew its stake in shares of Digital Realty Trust by 28,900.0% during the 4th quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 289 shares during the period. Finally, GPS Wealth Strategies Group LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth approximately $29,000. Institutional investors own 99.71% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on DLR. Citigroup upped 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. Deutsche Bank Aktiengesellschaft downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and upped their price target for the stock from $112.00 to $131.00 in a research note on Friday, August 25th. Raymond James reduced their price objective on shares of Digital Realty Trust from $155.00 to $140.00 in a research report on Friday, July 28th. BNP Paribas upgraded shares of Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $138.00 price target on the stock in a report on Friday, July 28th. Finally, StockNews.com initiated coverage on shares of Digital Realty Trust in a report on Thursday, August 17th. They set a “sell” rating for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $120.93.
Insider Activity at Digital Realty Trust
In related news, insider Cindy Fiedelman sold 2,770 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $125.00, for a total value of $346,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.39% of the stock is owned by company insiders.
Digital Realty Trust Trading Up 0.2 %
Digital Realty Trust stock traded up $0.27 during midday trading on Friday, reaching $128.75. The stock had a trading volume of 5,884,275 shares, compared to its average volume of 2,575,370. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.02. The firm has a market cap of $38.97 billion, a price-to-earnings ratio of 99.81, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. Digital Realty Trust, Inc. has a 52-week low of $85.76 and a 52-week high of $133.39. The company has a fifty day moving average of $123.30 and a 200 day moving average of $108.09.
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is currently 378.30%.
Digital Realty Trust Company 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.
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