Riverview Trust Co Sells 306 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Riverview Trust Co reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 15.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,666 shares of the real estate investment trust’s stock after selling 306 shares during the period. Riverview Trust Co’s holdings in Digital Realty Trust were worth $240,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Digital Realty Trust during the 4th quarter worth about $2,141,890,000. Resolution Capital Ltd grew its holdings in shares of Digital Realty Trust by 106.7% during the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock worth $284,532,000 after buying an additional 1,213,526 shares in the last quarter. Vanguard Group Inc. raised its position in Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after buying an additional 971,032 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Digital Realty Trust in the 4th quarter valued at approximately $107,372,000. Finally, Kodai Capital Management LP acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $59,087,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock traded down $1.60 during midday trading on Tuesday, hitting $145.41. 379,462 shares of the company were exchanged, compared to its average volume of 1,969,473. The firm has a market capitalization of $45.43 billion, a P/E ratio of 40.84, a PEG ratio of 19.53 and a beta of 0.57. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. Digital Realty Trust, Inc. has a 52 week low of $103.81 and a 52 week high of $154.18. The firm’s 50 day moving average price is $143.70 and its two-hundred day moving average price is $141.34.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Friday, June 14th. Digital Realty Trust’s payout ratio is 135.56%.

Analyst Ratings Changes

DLR has been the topic of a number of research reports. HSBC boosted 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 report on Friday, May 3rd. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Citigroup upped their target price on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $144.65.

Read Our Latest Research Report on DLR

About Digital Realty Trust

(Free Report)

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.

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

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