LGT Capital Partners LTD. Has $5.50 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

LGT Capital Partners LTD. cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 33.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,856 shares of the real estate investment trust’s stock after selling 20,084 shares during the period. LGT Capital Partners LTD.’s holdings in Digital Realty Trust were worth $5,498,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. RB Capital Management LLC boosted its position in shares of Digital Realty Trust by 6.8% during the 1st quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 192 shares in the last quarter. Prudential PLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $688,000. Cetera Investment Advisers boosted its stake in Digital Realty Trust by 31.2% in the 1st quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock valued at $2,909,000 after buying an additional 4,879 shares in the last quarter. Moors & Cabot Inc. acquired a new position in Digital Realty Trust during the first quarter worth $424,000. Finally, Candriam Luxembourg S.C.A. lifted its holdings in shares of Digital Realty Trust by 2.7% during the first quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock valued at $2,127,000 after acquiring an additional 390 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $144.00 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. Digital Realty Trust, Inc. has a 1 year low of $86.33 and a 1 year high of $154.18. The stock has a market capitalization of $44.97 billion, a price-to-earnings ratio of 48.49, a price-to-earnings-growth ratio of 3.26 and a beta of 0.54. The company’s 50 day simple moving average is $142.65 and its 200 day simple moving average is $134.07.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s 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 transaction, the director now directly owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent analyst reports. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a research report on Friday, February 16th. HSBC initiated coverage on Digital Realty Trust in a research note on Friday, December 1st. They issued a “reduce” rating and a $112.00 target price for the company. Barclays increased their price target on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Digital Realty Trust in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.47.

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.