Courier Capital LLC Sells 521 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Courier Capital LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,654 shares of the real estate investment trust’s stock after selling 521 shares during the quarter. Courier Capital LLC’s holdings in Digital Realty Trust were worth $2,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Digital Realty Trust in the fourth quarter worth $2,141,890,000. Resolution Capital Ltd lifted 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 valued at $284,532,000 after purchasing an additional 1,213,526 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.1% during the third 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 purchasing an additional 971,032 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Digital Realty Trust during the fourth quarter valued at $107,372,000. Finally, Kodai Capital Management LP bought a new position in shares of Digital Realty Trust during the fourth quarter valued at $59,087,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DLR. Citigroup upped their price target on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upped their price target on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. HSBC upped their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research report on Friday, May 3rd. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $144.00 to $170.00 in a research report on Wednesday. Finally, UBS Group upped their price objective on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned 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 has an average rating of “Hold” and an average target price of $146.06.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded up $1.90 during mid-day trading on Thursday, reaching $148.79. The company’s stock had a trading volume of 1,660,919 shares, compared to its average volume of 1,971,992. The firm has a market capitalization of $46.49 billion, a PE ratio of 41.18, a P/E/G ratio of 19.17 and a beta of 0.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a fifty day moving average of $144.12 and a two-hundred day moving average of $141.46. Digital Realty Trust, Inc. has a 52 week low of $108.14 and a 52 week high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

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.