Forte Capital LLC ADV Acquires 4,975 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Forte Capital LLC ADV raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 73.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,722 shares of the real estate investment trust’s stock after acquiring an additional 4,975 shares during the quarter. Forte Capital LLC ADV’s holdings in Digital Realty Trust were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its stake in Digital Realty Trust by 4.7% during the third quarter. Commonwealth Equity Services LLC now owns 121,401 shares of the real estate investment trust’s stock valued at $14,692,000 after acquiring an additional 5,396 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Digital Realty Trust by 70.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,811 shares of the real estate investment trust’s stock worth $2,398,000 after purchasing an additional 8,202 shares during the period. Xponance Inc. raised its position in shares of Digital Realty Trust by 4.9% in the third quarter. Xponance Inc. now owns 38,513 shares of the real estate investment trust’s stock worth $4,661,000 after buying an additional 1,795 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Digital Realty Trust by 7.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 106,144 shares of the real estate investment trust’s stock valued at $12,846,000 after buying an additional 7,215 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in Digital Realty Trust by 11.8% during the third quarter. Stratos Wealth Partners LTD. now owns 7,170 shares of the real estate investment trust’s stock worth $868,000 after buying an additional 757 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

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 completion of the transaction, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

Digital Realty Trust Trading Up 4.9 %

Shares of Digital Realty Trust stock traded up $6.85 during midday trading on Friday, reaching $147.00. 3,309,695 shares of the company’s stock traded hands, compared to its average volume of 1,588,043. The stock has a 50 day moving average of $142.27 and a 200-day moving average of $137.31. Digital Realty Trust, Inc. has a 12 month low of $86.33 and a 12 month high of $154.18. The company has a market cap of $45.93 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 3.34 and a beta of 0.55. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.32%. Digital Realty Trust’s dividend payout ratio is 135.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DLR. Royal Bank of Canada reiterated an “outperform” rating and set a $144.00 price target on shares of Digital Realty Trust in a research report on Friday, February 16th. HSBC boosted their price target on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research note on Friday. Evercore ISI restated an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a research report on Wednesday, March 27th. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, UBS Group raised their price objective on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.65.

Digital Realty Trust 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.