Signature Wealth Management Group Sells 103 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Signature Wealth Management Group reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLRGet Rating) by 0.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 25,031 shares of the real estate investment trust’s stock after selling 103 shares during the period. Signature Wealth Management Group’s holdings in Digital Realty Trust were worth $3,250,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its stake in shares of Digital Realty Trust by 4.4% during the first quarter. Benjamin Edwards Inc. now owns 1,747 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 74 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its stake in Digital Realty Trust by 1.5% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 4,950 shares of the real estate investment trust’s stock worth $876,000 after purchasing an additional 75 shares in the last quarter. Trust Co. of Toledo NA OH grew its stake in Digital Realty Trust by 0.5% in the first quarter. Trust Co. of Toledo NA OH now owns 14,823 shares of the real estate investment trust’s stock worth $2,102,000 after purchasing an additional 78 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in Digital Realty Trust by 4.2% in the first quarter. Capital Investment Advisory Services LLC now owns 1,973 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 80 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in Digital Realty Trust by 1.6% in the first quarter. Whittier Trust Co. now owns 5,473 shares of the real estate investment trust’s stock worth $776,000 after purchasing an additional 86 shares in the last quarter. 95.03% of the stock is owned by institutional investors.

Digital Realty Trust Trading Down 1.4 %

Shares of DLR traded down $1.48 during midday trading on Thursday, reaching $107.31. The company had a trading volume of 67,851 shares, compared to its average volume of 1,471,836. Digital Realty Trust, Inc. has a 1-year low of $108.75 and a 1-year high of $178.22. The stock has a market cap of $30.84 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.37 and a beta of 0.33. The firm has a 50 day simple moving average of $124.89 and a 200-day simple moving average of $132.82. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.85.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 30th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Wednesday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 107.02%.

Insiders Place Their Bets

In other Digital Realty Trust news, EVP Dyer Corey sold 2,504 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $137.27, for a total value of $343,724.08. Following the completion of the sale, the executive vice president now directly owns 11,689 shares of the company’s stock, valued at approximately $1,604,549.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO A William Stein acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were purchased at an average cost of $113.22 per share, for a total transaction of $566,100.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $1,132,200. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dyer Corey sold 2,504 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $137.27, for a total transaction of $343,724.08. Following the completion of the transaction, the executive vice president now owns 11,689 shares in the company, valued at $1,604,549.03. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Digital Realty Trust from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 13th. Citigroup lowered their target price on Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating for the company in a report on Friday, June 10th. Barclays lowered their target price on Digital Realty Trust from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Thursday, August 18th. Morgan Stanley decreased their price target on Digital Realty Trust from $154.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Digital Realty Trust from $144.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $160.71.

Digital Realty Trust Company Profile

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Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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