Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 11.8% during the first quarter, Holdings Channel.com reports. The fund owned 45,750 shares of the real estate investment trust’s stock after selling 6,105 shares during the period. Westwood Holdings Group Inc.’s holdings in Digital Realty Trust were worth $6,590,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after acquiring an additional 951,567 shares during the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $2,141,890,000. Principal Financial Group Inc. boosted its stake in shares of Digital Realty Trust by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock worth $784,495,000 after purchasing an additional 97,509 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Digital Realty Trust by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after purchasing an additional 85,262 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in shares of Digital Realty Trust by 1.3% during the 1st quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock worth $360,858,000 after purchasing an additional 34,516 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 1.2 %

DLR stock traded down $1.72 during midday trading on Friday, reaching $145.65. 3,204,947 shares of the company’s stock traded hands, compared to its average volume of 1,405,666. The company has a market capitalization of $45.51 billion, a P/E ratio of 40.46, a PEG ratio of 10.68 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The business has a 50-day moving average price of $149.57 and a two-hundred day moving average price of $144.40.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.35%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DLR shares. Royal Bank of Canada raised their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Barclays raised their price target on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 price target on the stock. Morgan Stanley increased their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Finally, 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 research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $152.20.

Digital Realty Trust Company 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.