Security National Bank of Sioux City Iowa IA trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,158 shares of the real estate investment trust’s stock after selling 110 shares during the period. Digital Realty Trust makes up about 2.1% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 7th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Digital Realty Trust were worth $2,164,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of DLR. JPMorgan Chase & Co. boosted its stake in shares of Digital Realty Trust by 7.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock worth $403,148,000 after buying an additional 243,995 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Digital Realty Trust by 45.6% in the 1st quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock worth $42,247,000 after buying an additional 124,300 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth $32,118,000. Tudor Investment Corp ET AL purchased a new position in shares of Digital Realty Trust in the 1st quarter worth $1,610,000. Finally, Cim Investment Mangement Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth $653,000.
Digital Realty Trust, Inc. (NYSE DLR) traded up 0.954% during trading on Tuesday, reaching $120.095. The company had a trading volume of 441,368 shares. The stock has a 50 day moving average price of $118.12 and a 200 day moving average price of $114.68. The firm has a market capitalization of $19.48 billion, a P/E ratio of 48.779 and a beta of 0.01. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $127.23.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.13%. The ex-dividend date was Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.
In other news, insider Christopher Sharp sold 25,733 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William G. Laperch bought 1,200 shares of the stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.
A number of research firms have recently issued reports on DLR. Robert W. Baird raised their price target on Digital Realty Trust from $119.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada raised their price target on Digital Realty Trust from $127.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. KeyCorp restated a “buy” rating and issued a $130.00 price target on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Citigroup Inc. restated a “neutral” rating and issued a $127.00 price target on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Finally, William Blair began coverage on Digital Realty Trust in a research note on Friday, September 22nd. They issued a “market perform” rating on the stock. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Digital Realty Trust currently has an average rating of “Hold” and an average target price of $121.00.
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Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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