Avalon Trust Co Buys Shares of 417 Digital Realty Trust, Inc. (NYSE:DLR)

Avalon Trust Co bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 417 shares of the real estate investment trust’s stock, valued at approximately $56,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baldwin Brothers LLC MA grew its stake in shares of 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 purchased a new stake in Digital Realty Trust in the 3rd quarter worth $27,000. Bfsg LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $31,000. Turtle Creek Wealth Advisors LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Digital Realty Trust during the 4th quarter valued at approximately $32,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 4.9 %

Shares of NYSE DLR traded up $6.85 during mid-day trading on Friday, reaching $147.00. The company had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. The stock has a market cap of $45.93 billion, a price-to-earnings ratio of 40.83, a price-to-earnings-growth ratio of 3.34 and a beta of 0.55. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The business’s 50-day moving average is $142.27 and its 200-day moving average is $137.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92.

Digital Realty Trust Dividend Announcement

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

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday. Barclays increased their target price on Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. HSBC lifted their price objective 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. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $142.65.

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.