Jacobi Capital Management LLC Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Jacobi Capital Management LLC boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLRGet Rating) by 13.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,396 shares of the real estate investment trust’s stock after purchasing an additional 390 shares during the period. Jacobi Capital Management LLC’s holdings in Digital Realty Trust were worth $482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DLR. Norges Bank bought a new stake in Digital Realty Trust during the fourth quarter valued at about $376,609,000. Deutsche Bank AG raised its holdings in Digital Realty Trust by 251.0% during the fourth quarter. Deutsche Bank AG now owns 2,260,528 shares of the real estate investment trust’s stock valued at $399,820,000 after acquiring an additional 1,616,524 shares during the period. BlackRock Inc. raised its holdings in Digital Realty Trust by 5.3% during the fourth quarter. BlackRock Inc. now owns 27,078,699 shares of the real estate investment trust’s stock valued at $4,789,409,000 after acquiring an additional 1,360,474 shares during the period. State Street Corp raised its holdings in Digital Realty Trust by 7.6% during the fourth quarter. State Street Corp now owns 17,720,869 shares of the real estate investment trust’s stock valued at $3,154,473,000 after acquiring an additional 1,248,863 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Digital Realty Trust by 162.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 554,823 shares of the real estate investment trust’s stock valued at $98,130,000 after acquiring an additional 343,723 shares during the period. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Dyer Corey sold 2,504 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $137.27, for a total transaction of $343,724.08. Following the completion of the sale, the executive vice president now directly owns 11,689 shares in the company, valued at $1,604,549.03. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Dyer Corey sold 2,504 shares of Digital Realty Trust stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $137.27, for a total value of $343,724.08. Following the transaction, the executive vice president now owns 11,689 shares of the company’s stock, valued at $1,604,549.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David C. Ruberg sold 50,000 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $137.55, for a total transaction of $6,877,500.00. Following the completion of the transaction, the executive vice president now directly owns 200,000 shares in the company, valued at approximately $27,510,000. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Digital Realty Trust Stock Up 0.0 %

DLR stock opened at $129.47 on Friday. The stock has a market cap of $36.86 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 2.79 and a beta of 0.31. The company has a quick ratio of 0.59, a current ratio of 0.55 and a debt-to-equity ratio of 0.85. The firm’s 50-day simple moving average is $129.92 and its 200 day simple moving average is $137.13. Digital Realty Trust, Inc. has a fifty-two week low of $119.63 and a fifty-two week high of $178.22.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Tuesday, June 14th. Digital Realty Trust’s payout ratio is 107.02%.

Analyst Upgrades and Downgrades

DLR has been the topic of several research reports. Wells Fargo & Company lifted their target price on Digital Realty Trust from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Digital Realty Trust from $144.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $151.00 to $160.00 in a report on Thursday, June 30th. Citigroup reduced their target price on Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, June 10th. Finally, TD Securities boosted their price objective on Digital Realty Trust from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, April 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $164.14.

About Digital Realty Trust

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Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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