Jacobi Capital Management LLC Purchases 390 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Jacobi Capital Management LLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLRGet Rating) by 13.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,396 shares of the real estate investment trust’s stock after purchasing an additional 390 shares during the quarter. Jacobi Capital Management LLC’s holdings in Digital Realty Trust were worth $482,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stiles Financial Services Inc increased its stake in Digital Realty Trust by 12.6% during the first quarter. Stiles Financial Services Inc now owns 2,029 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 227 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Digital Realty Trust by 36.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 4,260 shares of the real estate investment trust’s stock valued at $604,000 after acquiring an additional 1,140 shares during the period. Motco boosted its holdings in Digital Realty Trust by 3.0% in the first quarter. Motco now owns 52,312 shares of the real estate investment trust’s stock valued at $7,418,000 after purchasing an additional 1,500 shares during the last quarter. Weatherly Asset Management L. P. boosted its holdings in Digital Realty Trust by 101.3% in the first quarter. Weatherly Asset Management L. P. now owns 16,785 shares of the real estate investment trust’s stock valued at $2,380,000 after purchasing an additional 8,445 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in Digital Realty Trust by 5.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 16,726 shares of the real estate investment trust’s stock valued at $2,372,000 after purchasing an additional 872 shares during the last quarter. 98.53% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $129.47 on Friday. The firm’s 50 day moving average is $129.92 and its 200-day moving average is $137.13. The stock has a market capitalization of $36.86 billion, a P/E ratio of 28.39, a P/E/G ratio of 2.79 and a beta of 0.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.55 and a quick ratio of 0.59. Digital Realty Trust, Inc. has a 12-month low of $119.63 and a 12-month high of $178.22.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.77%. The ex-dividend date was Tuesday, June 14th. Digital Realty Trust’s payout ratio is presently 107.02%.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, June 10th. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, April 25th. Morgan Stanley decreased their price target on shares of Digital Realty Trust from $154.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 26th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Digital Realty Trust from $144.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $164.14.

Digital Realty Trust Company Profile

(Get Rating)

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.

Featured Articles

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

Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.