Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Royal Fund Management LLC

Royal Fund Management LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,346 shares of the real estate investment trust’s stock after purchasing an additional 334 shares during the quarter. Royal Fund Management LLC’s holdings in Digital Realty Trust were worth $3,680,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Merit Financial Group LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at about $271,000. M&T Bank Corp raised its stake in shares of Digital Realty Trust by 0.9% during the 4th quarter. M&T Bank Corp now owns 114,116 shares of the real estate investment trust’s stock worth $15,357,000 after buying an additional 1,073 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Digital Realty Trust by 13.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 23,761 shares of the real estate investment trust’s stock valued at $3,198,000 after buying an additional 2,832 shares in the last quarter. Amalgamated Bank increased its holdings in Digital Realty Trust by 0.4% in the 4th quarter. Amalgamated Bank now owns 76,500 shares of the real estate investment trust’s stock worth $10,295,000 after acquiring an additional 316 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $263,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 4.9 %

Shares of DLR traded up $6.85 during trading on Friday, reaching $147.00. 3,309,695 shares of the company traded hands, compared to its average volume of 1,588,043. The stock has a 50-day simple moving average of $142.27 and a 200-day simple moving average of $137.31. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $154.18. The stock has a market cap of $45.93 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 3.34 and a beta of 0.55.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s payout ratio is 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now directly 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 available at this link. 0.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DLR. Royal Bank of Canada restated an “outperform” rating and set a $144.00 price target on shares of Digital Realty Trust in a research report on Friday, February 16th. Citigroup lifted their price target on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Raymond James upped their target price on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Finally, Evercore ISI reissued an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $142.65.

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.