G&S Capital LLC Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

G&S Capital LLC trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,643 shares of the real estate investment trust’s stock after selling 209 shares during the period. G&S Capital LLC’s holdings in Digital Realty Trust were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Gladstone Institutional Advisory LLC increased its holdings in shares of Digital Realty Trust by 1.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock worth $848,000 after acquiring an additional 72 shares in the last quarter. Schechter Investment Advisors LLC increased its position 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 worth $450,000 after buying an additional 78 shares during the last quarter. Gables Capital Management Inc. increased its holdings in shares of Digital Realty Trust by 62.5% during the 4th quarter. Gables Capital Management Inc. now owns 260 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 100 shares during the last quarter. First Financial Corp IN raised its position in shares of Digital Realty Trust by 46.6% in the fourth quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 103 shares during the period. Finally, SVB Wealth LLC lifted its position in Digital Realty Trust by 1.0% during the fourth quarter. SVB Wealth LLC now owns 10,760 shares of the real estate investment trust’s stock worth $1,448,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DLR shares. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. HSBC upped their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research note on Friday, May 3rd. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $144.00 to $170.00 in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, UBS Group upped their target price on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and an average target price of $146.06.

Digital Realty Trust Stock Up 0.3 %

Shares of DLR opened at $146.86 on Thursday. Digital Realty Trust, Inc. has a 12-month low of $107.19 and a 12-month high of $154.18. The business’s 50 day moving average is $143.90 and its 200 day moving average is $141.43. 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 company has a market capitalization of $45.88 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 19.17 and a beta of 0.57.

Digital Realty Trust Dividend Announcement

The firm 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 $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, June 14th. Digital Realty Trust’s payout ratio is 135.56%.

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.