Cambridge Trust Co. Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Cambridge Trust Co. boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,283 shares of the real estate investment trust’s stock after buying an additional 395 shares during the quarter. Cambridge Trust Co.’s holdings in Digital Realty Trust were worth $2,999,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Digital Realty Trust by 107.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 887 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 460 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Digital Realty Trust in the 4th quarter valued at approximately $16,975,000. Tyche Wealth Partners LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at approximately $228,000. Avior Wealth Management LLC lifted its stake in shares of Digital Realty Trust by 15.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,048 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 138 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Digital Realty Trust by 0.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 210,513 shares of the real estate investment trust’s stock worth $28,331,000 after purchasing an additional 1,814 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.0 %

NYSE DLR traded up $1.36 during trading hours on Thursday, hitting $137.11. The company had a trading volume of 740,865 shares, compared to its average volume of 1,973,632. The firm’s 50 day moving average is $142.50 and its 200 day moving average is $135.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $42.82 billion, a price-to-earnings ratio of 45.92, a P/E/G ratio of 3.38 and a beta of 0.54. Digital Realty Trust, Inc. has a fifty-two week low of $86.33 and a fifty-two week high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.56%. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DLR. Barclays increased their price target on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 5th. Morgan Stanley upped their price objective on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Scotiabank downgraded Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective for the company. in a report on Friday, February 16th. Evercore ISI restated an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a report on Wednesday, March 27th. Finally, Truist Financial upped their price objective on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.33.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

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.