Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Oak Asset Management LLC

Oak Asset Management LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,774 shares of the real estate investment trust’s stock after selling 154 shares during the quarter. Oak Asset Management LLC’s holdings in Digital Realty Trust were worth $976,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. lifted its position in Digital Realty Trust by 36.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 2,448 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 648 shares during the last quarter. Occidental Asset Management LLC acquired a new position in Digital Realty Trust in the first quarter valued at about $1,374,000. Independence Bank of Kentucky lifted its position in shares of Digital Realty Trust by 633.3% during the first quarter. Independence Bank of Kentucky now owns 1,100 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 950 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of Digital Realty Trust during the first quarter worth about $151,000. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of Digital Realty Trust by 0.6% during the first quarter. Franklin Street Advisors Inc. NC now owns 63,545 shares of the real estate investment trust’s stock worth $9,153,000 after purchasing an additional 359 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $152.05 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The firm has a market cap of $47.50 billion, a PE ratio of 42.24, a price-to-earnings-growth ratio of 19.91 and a beta of 0.59. The company’s 50 day simple moving average is $144.67 and its 200-day simple moving average is $141.72. Digital Realty Trust, Inc. has a 12-month low of $108.68 and a 12-month high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.21%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Analysts Set New Price Targets

Several analysts have recently issued reports on DLR shares. HSBC increased their price target on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research report on Friday, May 3rd. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Evercore ISI reissued an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Morgan Stanley increased their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, TD Cowen raised their target price on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and a consensus target price of $149.42.

Digital Realty Trust Company Profile

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.