Ferguson Wellman Capital Management Inc. Trims Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Ferguson Wellman Capital Management Inc. lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 29.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,429 shares of the real estate investment trust’s stock after selling 1,417 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Digital Realty Trust were worth $494,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DLR. PNC Financial Services Group Inc. grew its stake in Digital Realty Trust by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 33,787 shares of the real estate investment trust’s stock valued at $4,089,000 after acquiring an additional 2,415 shares in the last quarter. Rafferty Asset Management LLC grew its stake in Digital Realty Trust by 9.0% during the third quarter. Rafferty Asset Management LLC now owns 33,817 shares of the real estate investment trust’s stock valued at $4,093,000 after acquiring an additional 2,805 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Digital Realty Trust during the third quarter valued at approximately $409,000. Envestnet Portfolio Solutions Inc. purchased a new position in Digital Realty Trust in the 3rd quarter worth approximately $1,016,000. Finally, Envestnet Asset Management Inc. grew its stake in Digital Realty Trust by 22.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 360,228 shares of the real estate investment trust’s stock worth $43,595,000 after buying an additional 66,797 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 1.1 %

NYSE:DLR opened at $147.89 on Friday. The company has a fifty day moving average of $143.41 and a 200 day moving average of $141.12. Digital Realty Trust, Inc. has a 52 week low of $102.54 and a 52 week high of $154.18. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $46.20 billion, a P/E ratio of 41.08, a P/E/G ratio of 19.69 and a beta of 0.57.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.30%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Evercore ISI reissued an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. HSBC boosted 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 note on Friday, May 3rd. Citigroup boosted their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Finally, Wells Fargo & Company upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average target price of $144.65.

Digital Realty Trust 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.