Vectors Research Management LLC Sells 1,430 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

by · The Cerbat Gem

Vectors Research Management LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,165 shares of the real estate investment trust’s stock after selling 1,430 shares during the period. Vectors Research Management LLC’s holdings in Digital Realty Trust were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in shares of Digital Realty Trust by 19.9% during the second quarter. Lindbrook Capital LLC now owns 518 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 86 shares in the last quarter. Carolinas Wealth Consulting LLC increased its position in shares of Digital Realty Trust by 19.8% during the first quarter. Carolinas Wealth Consulting LLC now owns 545 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 90 shares in the last quarter. Cigna Investments Inc. New increased its position in shares of Digital Realty Trust by 2.6% during the second quarter. Cigna Investments Inc. New now owns 3,582 shares of the real estate investment trust’s stock worth $408,000 after acquiring an additional 92 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Digital Realty Trust by 15.4% during the second quarter. Parkside Financial Bank & Trust now owns 691 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 92 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in Digital Realty Trust by 1.8% during the second quarter. Checchi Capital Advisers LLC now owns 5,448 shares of the real estate investment trust’s stock worth $620,000 after purchasing an additional 94 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $0.13 during midday trading on Friday, hitting $147.19. The company’s stock had a trading volume of 1,223,297 shares, compared to its average volume of 1,924,507. The stock has a fifty day moving average price of $137.47 and a 200 day moving average price of $129.85. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $148.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $44.58 billion, a price-to-earnings ratio of 51.29, a P/E/G ratio of 1.64 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Thursday, December 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 170.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, December 8th. KeyCorp assumed coverage on shares of Digital Realty Trust in a report on Wednesday, December 6th. They set a “sector weight” rating on the stock. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $132.00 to $157.00 in a report on Monday, January 22nd. Citigroup boosted their price target on shares of Digital Realty Trust from $136.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, December 8th. Finally, Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $128.93.

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.

Read More