Metis Global Partners LLC Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Metis Global Partners LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,182 shares of the real estate investment trust’s stock after buying an additional 5,157 shares during the period. Metis Global Partners LLC’s holdings in Digital Realty Trust were worth $8,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Schechter Investment Advisors LLC raised its position in shares of Digital Realty Trust by 18.5% in the third quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 511 shares during the period. Lyell Wealth Management LP boosted its position in Digital Realty Trust by 12.0% during the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after purchasing an additional 5,197 shares in the last quarter. American Century Companies Inc. grew its holdings in Digital Realty Trust by 2.8% in the third quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock valued at $87,209,000 after purchasing an additional 19,931 shares during the period. Raymond James & Associates increased its position in shares of Digital Realty Trust by 5.7% in the fourth quarter. Raymond James & Associates now owns 299,551 shares of the real estate investment trust’s stock valued at $40,314,000 after buying an additional 16,101 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after buying an additional 971,032 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, 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 SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. Citigroup increased their target price on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Scotiabank cut Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price on the stock. in a report on Friday, February 16th. HSBC boosted their target price on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday. Finally, StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Hold” and an average price target of $142.65.

Digital Realty Trust Stock Up 4.9 %

Shares of DLR stock traded up $6.85 during trading hours on Friday, reaching $147.00. 3,309,695 shares of the stock were exchanged, compared to its average volume of 1,588,043. The business’s fifty day moving average is $142.27 and its two-hundred day moving average is $137.52. The firm has a market capitalization of $45.93 billion, a P/E ratio of 40.83, a P/E/G ratio of 3.34 and a beta of 0.55. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month 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. Stockholders of record on Friday, March 15th were given 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 3.32%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

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.