LGT Capital Partners LTD. Reduces Position in Digital Realty Trust, Inc. (NYSE:DLR)

LGT Capital Partners LTD. cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 33.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,856 shares of the real estate investment trust’s stock after selling 20,084 shares during the quarter. LGT Capital Partners LTD.’s holdings in Digital Realty Trust were worth $5,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLR. Schechter Investment Advisors LLC increased its holdings in Digital Realty Trust by 2.4% during the fourth quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock valued at $450,000 after buying an additional 78 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of Digital Realty Trust by 19.8% in the first quarter. Carolinas Wealth Consulting LLC now owns 545 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 90 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Digital Realty Trust by 15.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 691 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 92 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Digital Realty Trust by 1.1% in the third quarter. Panagora Asset Management Inc. now owns 9,175 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 97 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Digital Realty Trust by 0.6% in the 3rd quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock worth $2,164,000 after buying an additional 99 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. KeyCorp assumed coverage on shares of Digital Realty Trust in a report on Wednesday, December 6th. They set a “sector weight” rating for the company. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 16th. Barclays lifted their price target on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $141.47.

Digital Realty Trust Stock Performance

DLR stock opened at $144.00 on Friday. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The firm has a 50-day simple moving average of $142.65 and a two-hundred day simple moving average of $134.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $44.97 billion, a price-to-earnings ratio of 48.49, a PEG ratio of 3.26 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.39%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.39% of the company’s stock.

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.