Digital Realty Trust, Inc. (NYSE:DLR) Stake Lifted by Amalgamated Bank

Amalgamated Bank grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 76,500 shares of the real estate investment trust’s stock after purchasing an additional 316 shares during the quarter. Amalgamated Bank’s holdings in Digital Realty Trust were worth $10,295,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Schechter Investment Advisors LLC increased its position in Digital Realty Trust by 2.4% in the 4th quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 78 shares during the period. Panagora Asset Management Inc. grew its position in Digital Realty Trust by 1.1% in the 3rd quarter. Panagora Asset Management Inc. now owns 9,175 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 97 shares in the last quarter. Blair William & Co. IL increased its stake in Digital Realty Trust by 0.6% during the 3rd quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock valued at $2,164,000 after buying an additional 99 shares during the period. Lmcg Investments LLC lifted its stake in shares of Digital Realty Trust by 2.2% in the 3rd quarter. Lmcg Investments LLC now owns 4,620 shares of the real estate investment trust’s stock worth $559,000 after acquiring an additional 100 shares during the period. Finally, First Financial Corp IN boosted its holdings in shares of Digital Realty Trust by 46.6% in the fourth quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays increased their price target on Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Truist Financial upped their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $144.00 target price on shares of Digital Realty Trust in a report on Friday, February 16th. UBS Group raised their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Stifel Nicolaus increased their price objective on Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $142.65.

Insiders Place Their Bets

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’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 approximately $1,224,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

Digital Realty Trust Stock Up 4.9 %

DLR stock traded up $6.85 during trading hours on Friday, hitting $147.00. The company’s stock had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. The company has a market capitalization of $45.93 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. The stock has a 50 day moving average price of $142.09 and a two-hundred day moving average price of $137.15. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a 12 month low of $86.33 and a 12 month high of $154.18.

Digital Realty Trust Announces Dividend

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

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.