HB Wealth Management LLC Has $409,000 Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

HB Wealth Management LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,038 shares of the real estate investment trust’s stock after selling 171 shares during the period. HB Wealth Management LLC’s holdings in Digital Realty Trust were worth $409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. RB Capital Management LLC increased its holdings in shares of Digital Realty Trust by 6.8% in the 1st quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 192 shares during the period. Prudential PLC acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at about $688,000. Cetera Investment Advisers increased its holdings in shares of Digital Realty Trust by 31.2% in the 1st quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock valued at $2,909,000 after purchasing an additional 4,879 shares during the period. Moors & Cabot Inc. acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at about $424,000. Finally, Candriam Luxembourg S.C.A. increased its holdings in shares of Digital Realty Trust by 2.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock valued at $2,127,000 after purchasing an additional 390 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DLR. Barclays upped their target price on Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Raymond James increased their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. KeyCorp assumed coverage on Digital Realty Trust in a report on Wednesday, December 6th. They issued a “sector weight” rating on the stock. HSBC assumed coverage on Digital Realty Trust in a report on Friday, December 1st. They issued a “reduce” rating and a $112.00 price objective on the stock. Finally, StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $141.47.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.

Digital Realty Trust Stock Up 3.4 %

DLR opened at $143.74 on Thursday. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $44.89 billion, a price-to-earnings ratio of 48.40, a P/E/G ratio of 3.13 and a beta of 0.54. The business has a 50 day moving average of $142.49 and a 200-day moving average of $134.00.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be given a $1.22 dividend. The ex-dividend date is Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.40%. Digital Realty Trust’s dividend payout ratio is 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.