Disciplined Equity Management Inc. Purchases Shares of 500 Digital Realty Trust, Inc. (NYSE:DLR)

Disciplined Equity Management Inc. bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, Holdings Channel.com reports. The firm bought 500 shares of the real estate investment trust’s stock, valued at approximately $67,000.

Several other hedge funds have also recently modified their holdings of DLR. Resolution Capital Ltd lifted its position in shares of Digital Realty Trust by 106.7% during the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock worth $284,532,000 after purchasing an additional 1,213,526 shares during the last quarter. Vanguard Group Inc. grew its stake in Digital Realty Trust by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after purchasing an additional 971,032 shares during the last quarter. FMR LLC lifted its position in Digital Realty Trust by 4.8% during the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock valued at $1,046,522,000 after purchasing an additional 394,682 shares during the period. Wellington Management Group LLP raised its position in Digital Realty Trust by 1,825.0% during the third quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock valued at $48,623,000 after acquiring an additional 380,904 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at $34,561,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.5 %

DLR stock traded up $2.08 during trading on Wednesday, hitting $140.61. 1,612,349 shares of the company’s stock were exchanged, compared to its average volume of 1,959,140. The stock has a market capitalization of $43.91 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 3.09 and a beta of 0.54. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $141.82 and a two-hundred day moving average price of $136.48.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DLR shares. Citigroup increased their price objective on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Finally, Barclays increased their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.33.

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.