Cumberland Partners Ltd Buys New Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Cumberland Partners Ltd bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,900 shares of the real estate investment trust’s stock, valued at approximately $1,871,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Schechter Investment Advisors LLC increased its stake in Digital Realty Trust by 2.4% in the fourth 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. increased its stake in Digital Realty Trust by 1.1% in the third quarter. Panagora Asset Management Inc. now owns 9,175 shares of the real estate investment trust’s stock valued at $1,110,000 after acquiring an additional 97 shares during the period. Blair William & Co. IL grew its stake in Digital Realty Trust by 0.6% during the third quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock worth $2,164,000 after buying an additional 99 shares during the last quarter. Lmcg Investments LLC grew its stake in Digital Realty Trust by 2.2% during the third quarter. Lmcg Investments LLC now owns 4,620 shares of the real estate investment trust’s stock worth $559,000 after buying an additional 100 shares during the last quarter. Finally, First Financial Corp IN grew its stake in Digital Realty Trust by 46.6% during the fourth quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 103 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Scotiabank cut shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective on the stock. in a research note on Friday, February 16th. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $135.00 to $155.00 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Evercore ISI reaffirmed an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Finally, Truist Financial increased their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $143.33.

Digital Realty Trust Stock Up 2.0 %

Shares of DLR stock traded up $2.65 during trading hours on Tuesday, hitting $138.51. 1,320,368 shares of the company were exchanged, compared to its average volume of 1,963,587. The business has a 50 day moving average of $141.85 and a two-hundred day moving average of $136.45. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The company has a market capitalization of $43.26 billion, a PE ratio of 46.64, a PEG ratio of 3.11 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is 164.31%.

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.