Trust Co. of Toledo NA OH Sells 2,340 Shares of Digital Realty Trust, Inc. (NYSE:DLR)


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Trust Co. of Toledo NA OH reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 13.5% during the first quarter, Holdings Channel.com reports. The fund owned 14,967 shares of the real estate investment trust’s stock after selling 2,340 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Digital Realty Trust were worth $2,108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLR. Johnson Investment Counsel Inc. increased its stake in Digital Realty Trust by 4.0% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 2,716 shares of the real estate investment trust’s stock worth $399,000 after acquiring an additional 104 shares during the last quarter. Weld Capital Management LLC bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at about $359,000. Lombard Odier Asset Management Switzerland SA bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at about $1,046,000. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at about $276,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Digital Realty Trust by 806.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 27,007 shares of the real estate investment trust’s stock valued at $3,964,000 after purchasing an additional 24,028 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

DLR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Digital Realty Trust from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, February 16th. Raymond James reduced their price target on Digital Realty Trust from $175.00 to $168.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, February 16th. They noted that the move was a valuation call. Edward Jones upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 18th. TheStreet upgraded Digital Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, February 22nd. Finally, TD Securities upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Friday, December 18th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $160.95.

Shares of Digital Realty Trust stock traded down $0.43 on Thursday, reaching $142.47. The company’s stock had a trading volume of 13,783 shares, compared to its average volume of 1,784,305. The company has a market capitalization of $40.05 billion, a price-to-earnings ratio of 58.09, a P/E/G ratio of 3.01 and a beta of 0.10. The firm’s fifty day simple moving average is $136.80 and its two-hundred day simple moving average is $140.86. Digital Realty Trust, Inc. has a 52 week low of $124.65 and a 52 week high of $165.49. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.74.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 11th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($1.36). Digital Realty Trust had a return on equity of 5.31% and a net margin of 17.50%. As a group, research analysts predict that Digital Realty Trust, Inc. will post 6.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 15th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Friday, March 12th. Digital Realty Trust’s payout ratio is currently 69.77%.

In related news, insider Cindy Fiedelman sold 1,024 shares of Digital Realty Trust stock in a transaction on Friday, January 29th. The stock was sold at an average price of $143.83, for a total value of $147,281.92. Following the completion of the sale, the insider now owns 1,024 shares of the company’s stock, valued at $147,281.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin Kennedy sold 200 shares of Digital Realty Trust stock in a transaction on Monday, March 15th. The stock was sold at an average price of $134.58, for a total value of $26,916.00. Following the completion of the sale, the director now directly owns 200 shares of the company’s stock, valued at approximately $26,916. The disclosure for this sale can be found here. Insiders sold 55,780 shares of company stock valued at $7,466,129 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

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

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