Atlantic Union Bankshares Corp Has $1.60 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Atlantic Union Bankshares Corp reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,113 shares of the real estate investment trust’s stock after selling 1,087 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Digital Realty Trust were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Operose Advisors LLC acquired a new stake in Digital Realty Trust during the 3rd quarter worth approximately $27,000. Rise Advisors LLC lifted its holdings in Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in Digital Realty Trust during the 1st quarter worth approximately $29,000. Baldwin Brothers LLC MA lifted its holdings in Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth approximately $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 2.2 %

NYSE DLR opened at $152.05 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a twelve month low of $108.68 and a twelve month high of $154.18. The company has a market cap of $47.50 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 19.47 and a beta of 0.57. The business’s fifty day moving average is $144.67 and its 200 day moving average is $141.63.

Digital Realty Trust Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. TD Cowen raised their price objective on Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upgraded Digital Realty Trust from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $175.00 in a research note on Friday. HSBC raised their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research note on Friday, May 3rd. Evercore ISI restated an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Finally, UBS Group raised their price objective on Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.00.

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.