Todd Asset Management LLC Sells 545 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Todd Asset Management LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,378 shares of the real estate investment trust’s stock after selling 545 shares during the quarter. Todd Asset Management LLC’s holdings in Digital Realty Trust were worth $7,722,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Royal Fund Management LLC boosted its stake in shares of Digital Realty Trust by 1.2% in the 4th quarter. Royal Fund Management LLC now owns 27,346 shares of the real estate investment trust’s stock valued at $3,680,000 after purchasing an additional 334 shares during the last quarter. Merit Financial Group LLC bought a new position in Digital Realty Trust during the fourth quarter worth $271,000. M&T Bank Corp boosted its stake in Digital Realty Trust by 0.9% during the fourth quarter. M&T Bank Corp now owns 114,116 shares of the real estate investment trust’s stock worth $15,357,000 after acquiring an additional 1,073 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Digital Realty Trust by 13.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 23,761 shares of the real estate investment trust’s stock worth $3,198,000 after acquiring an additional 2,832 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Digital Realty Trust by 0.4% during the fourth 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. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were 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 owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Up 4.9 %

Shares of DLR stock traded up $6.85 on Friday, hitting $147.00. The stock had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18. The business has a 50 day moving average of $142.09 and a 200 day moving average of $137.15. 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 stock has a market cap of $45.93 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55.

Digital Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $135.00 to $155.00 in a research note on Tuesday, April 9th. Scotiabank lowered shares of 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 research note on Friday, February 16th. Raymond James raised their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Morgan Stanley raised their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, HSBC raised their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.