Bleakley Financial Group LLC Has $520,000 Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Bleakley Financial Group LLC boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,866 shares of the real estate investment trust’s stock after buying an additional 737 shares during the quarter. Bleakley Financial Group LLC’s holdings in Digital Realty Trust were worth $520,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Meeder Advisory Services Inc. grew its position in shares of Digital Realty Trust by 13.9% in the fourth quarter. Meeder Advisory Services Inc. now owns 4,280 shares of the real estate investment trust’s stock valued at $576,000 after purchasing an additional 521 shares during the last quarter. Signet Investment Advisory Group Inc. boosted its stake in shares of Digital Realty Trust by 1.6% in the fourth quarter. Signet Investment Advisory Group Inc. now owns 18,559 shares of the real estate investment trust’s stock valued at $2,498,000 after buying an additional 291 shares during the period. Bristlecone Advisors LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $204,000. Mainstay Capital Management LLC ADV boosted its stake in shares of Digital Realty Trust by 21.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 7,016 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 1,243 shares during the period. Finally, Arlington Trust Co LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $142.49 on Friday. The company has a market capitalization of $44.50 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 3.25 and a beta of 0.54. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $154.18. The stock has a fifty day simple moving average of $142.96 and a 200 day simple moving average of $135.38. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.42%. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DLR. Evercore ISI reiterated an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Barclays upped their target price on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 5th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Morgan Stanley upped their target price on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $144.00 target price on shares of Digital Realty Trust in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and an average price target of $143.33.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.39% of the stock is currently owned by company insiders.

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.