First National Trust Co Sells 8,562 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

First National Trust Co lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 38.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,422 shares of the real estate investment trust’s stock after selling 8,562 shares during the quarter. First National Trust Co’s holdings in Digital Realty Trust were worth $1,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Operose Advisors LLC bought a new position in Digital Realty Trust during the third quarter valued at about $27,000. Baldwin Brothers LLC MA lifted its holdings in Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Bfsg LLC bought a new stake in Digital Realty Trust during the fourth quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent analyst reports. HSBC upped their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a report on Friday. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. TD Cowen boosted their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Digital Realty Trust in a report on Friday, February 16th. Finally, Morgan Stanley boosted their target price 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. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $142.65.

Digital Realty Trust Trading Up 4.9 %

Digital Realty Trust stock traded up $6.85 during trading hours on Friday, reaching $147.00. 3,309,695 shares of the company’s stock traded hands, compared to its average volume of 1,588,043. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 3.19 and a beta of 0.55. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. Digital Realty Trust, Inc. has a fifty-two week low of $86.33 and a fifty-two week high of $154.18. The firm’s 50 day moving average is $142.09 and its 200-day moving average is $137.15.

Digital Realty Trust Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the 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 transaction, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

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.