PNC Financial Services Group Inc. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,061 shares of the real estate investment trust’s stock after acquiring an additional 3,274 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Digital Realty Trust were worth $4,988,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Baldwin Brothers LLC MA lifted its stake in Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the period. Operose Advisors LLC bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at $27,000. Bfsg LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Digital Realty Trust in the fourth quarter valued at about $32,000. Institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Trading Up 0.4 %
Shares of NYSE DLR opened at $142.78 on Friday. Digital Realty Trust, Inc. has a 1-year low of $88.88 and a 1-year high of $154.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The business’s 50 day moving average is $141.41 and its two-hundred day moving average is $139.46. The stock has a market capitalization of $44.61 billion, a P/E ratio of 39.66 and a beta of 0.55.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, June 14th. Digital Realty Trust’s payout ratio is 135.56%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Evercore ISI reaffirmed an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. Raymond James boosted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Finally, Truist Financial lifted their price objective on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.65.
View Our Latest Analysis on Digital Realty Trust
Insider Buying and Selling at Digital Realty Trust
In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.
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.
Read More
Receive News & Ratings for Digital Realty Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Digital Realty Trust and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
