Norway Savings Bank Buys 515 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Norway Savings Bank boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,105 shares of the real estate investment trust’s stock after purchasing an additional 515 shares during the quarter. Norway Savings Bank’s holdings in Digital Realty Trust were worth $923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DLR. City State Bank bought a new position in Digital Realty Trust in the 2nd quarter worth approximately $25,000. Carolinas Wealth Consulting LLC boosted its position 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 acquiring an additional 167 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of Digital Realty Trust during the 1st quarter valued at approximately $29,000. Clear Street Markets LLC boosted its position 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 last quarter. Finally, Lindbrook Capital LLC boosted its position 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 valued at $42,000 after acquiring an additional 213 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 0.2 %

DLR stock traded up $0.27 during trading on Friday, reaching $128.75. 5,884,275 shares of the company traded hands, compared to its average volume of 2,575,370. Digital Realty Trust, Inc. has a 12 month low of $85.76 and a 12 month high of $133.39. The business has a 50 day simple moving average of $123.60 and a 200 day simple moving average of $108.28. The company has a market capitalization 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. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.58 and a current ratio of 0.58.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s payout ratio is currently 378.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com assumed coverage on Digital Realty Trust in a research report on Thursday, August 17th. They set a “sell” rating for the company. BNP Paribas upgraded 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. Deutsche Bank Aktiengesellschaft lowered Digital Realty Trust from a “buy” rating to a “hold” rating and increased their price target for the company from $112.00 to $131.00 in a report on Friday, August 25th. 22nd Century Group restated a “reiterates” rating on shares of Digital Realty Trust in a report on Tuesday, May 30th. Finally, Citigroup increased their target price on Digital Realty Trust from $128.00 to $136.00 and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and an average target price 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 stock was sold at an average price of $125.00, for a total transaction of $346,250.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by corporate insiders.

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.