Cumberland Partners Ltd Invests $1.87 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Cumberland Partners Ltd purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 13,900 shares of the real estate investment trust’s stock, valued at approximately $1,871,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Operose Advisors LLC purchased a new stake in shares of Digital Realty Trust in the third quarter worth about $27,000. Baldwin Brothers LLC MA lifted its holdings in shares of Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 185 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $32,000. Tennessee Valley Asset Management Partners purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $32,000. Finally, ZRC Wealth Management LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $33,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Barclays increased their price target on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. 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 report on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $143.33.

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 firm’s stock in a transaction on 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 transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.39% of the company’s stock.

Digital Realty Trust Trading Up 2.0 %

NYSE:DLR traded up $2.65 during trading hours on Tuesday, hitting $138.51. The company had a trading volume of 1,320,368 shares, compared to its average volume of 1,963,587. The company has a market capitalization of $43.26 billion, a PE ratio of 46.64, a price-to-earnings-growth ratio of 3.11 and a beta of 0.54. The stock has a 50-day moving average price of $141.85 and a 200 day moving average price of $136.45. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14.

Digital Realty Trust Dividend Announcement

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

About Digital Realty Trust

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.