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

Norway Savings Bank raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,105 shares of the real estate investment trust’s stock after buying an additional 515 shares during the period. Norway Savings Bank’s holdings in Digital Realty Trust were worth $923,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in DLR. RB Capital Management LLC lifted its stake in shares of Digital Realty Trust by 6.8% in the 1st quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 192 shares during the period. Prudential PLC acquired a new stake in Digital Realty Trust during the 1st quarter worth $688,000. Cetera Investment Advisers raised its stake in Digital Realty Trust by 31.2% during the 1st quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock worth $2,909,000 after buying an additional 4,879 shares during the period. Moors & Cabot Inc. acquired a new stake in Digital Realty Trust during the 1st quarter worth $424,000. Finally, Candriam Luxembourg S.C.A. raised its stake in Digital Realty Trust by 2.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock worth $2,127,000 after buying an additional 390 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR traded up $0.27 during trading on Friday, reaching $128.75. 5,884,275 shares of the company’s stock were exchanged, compared to its average volume of 2,575,370. Digital Realty Trust, Inc. has a fifty-two week low of $85.76 and a fifty-two week high of $133.39. The business has a 50 day moving average price of $123.60 and a 200-day moving average price of $108.28. 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 stock has a market capitalization of $38.97 billion, a P/E ratio of 99.81, a PEG ratio of 2.95 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

DLR has been the topic of several research analyst reports. BNP Paribas raised Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $138.00 price objective on the stock in a research note on Friday, July 28th. Royal Bank of Canada lifted their price target on Digital Realty Trust from $125.00 to $140.00 and gave the company an “outperformer” rating in a research note on Monday, August 7th. 22nd Century Group restated a “reiterates” rating on shares of Digital Realty Trust in a report on Tuesday, May 30th. Raymond James cut their price target on Digital Realty Trust from $155.00 to $140.00 in a report on Friday, July 28th. Finally, Jefferies Financial Group boosted their price target on Digital Realty Trust from $132.00 to $144.00 in a report on Friday, July 28th. Three equities 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $120.93.

Insider Activity

In related news, insider Cindy Fiedelman sold 2,770 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $125.00, for a total value of $346,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

About Digital Realty Trust

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.