Simplicity Solutions LLC Increases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Simplicity Solutions LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 23.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,866 shares of the real estate investment trust’s stock after purchasing an additional 737 shares during the period. Simplicity Solutions LLC’s holdings in Digital Realty Trust were worth $520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 period. Carolinas Wealth Consulting LLC increased its position in Digital Realty Trust by 19.8% during 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 increased its position in Digital Realty Trust by 15.4% during the second quarter. Parkside Financial Bank & Trust now owns 691 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 92 shares during the period. Panagora Asset Management Inc. increased its position in Digital Realty Trust by 1.1% during 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 buying an additional 97 shares during the period. Finally, Blair William & Co. IL increased its position in Digital Realty Trust by 0.6% during the third 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. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.7 %

Digital Realty Trust stock opened at $136.66 on Friday. The stock’s 50 day moving average price is $142.29 and its 200 day moving average price is $135.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $42.68 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 3.38 and a beta of 0.54. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.57%. Digital Realty Trust’s payout ratio is 164.31%.

Analyst Ratings Changes

Several brokerages have weighed in on DLR. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Evercore ISI reiterated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Morgan Stanley lifted their target price on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus lifted their target price on Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Barclays lifted their target price on Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $143.33.

Insiders Place Their Bets

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

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.