Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Decreased by Iowa State Bank

Iowa State Bank lowered its stake in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,183 shares of the real estate investment trust’s stock after selling 265 shares during the period. Iowa State Bank’s holdings in Digital Realty Trust were worth $2,447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First Citizens Bank & Trust Co. bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $314,000. Spirit of America Management Corp NY grew its position in shares of Digital Realty Trust by 4.7% during the 4th quarter. Spirit of America Management Corp NY now owns 26,581 shares of the real estate investment trust’s stock valued at $3,577,000 after buying an additional 1,200 shares during the last quarter. PFG Advisors bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $214,000. Atlas Private Wealth Management boosted its stake in Digital Realty Trust by 8.2% during the 4th quarter. Atlas Private Wealth Management now owns 14,310 shares of the real estate investment trust’s stock valued at $1,926,000 after purchasing an additional 1,082 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in Digital Realty Trust by 1.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 141,935 shares of the real estate investment trust’s stock valued at $19,102,000 after purchasing an additional 2,106 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 1.5 %

Shares of DLR stock traded down $2.16 during trading hours on Tuesday, reaching $139.75. 1,707,178 shares of the stock traded hands, compared to its average volume of 2,092,585. The firm has a market capitalization of $43.64 billion, a PE ratio of 47.07, a PEG ratio of 3.27 and a beta of 0.54. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average price of $143.00 and a 200 day moving average price of $134.39. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.49%. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Analyst Ratings Changes

DLR has been the subject of a number of analyst reports. Evercore ISI reissued an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. KeyCorp initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, December 6th. They set a “sector weight” rating for the company. Citigroup boosted their target price on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Raymond James boosted their target price on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Finally, Truist Financial upped their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $142.00.

View Our Latest Analysis on DLR

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 company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

Digital Realty Trust Company Profile

(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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