Franklin Street Advisors Inc. NC Has $9.15 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Franklin Street Advisors Inc. NC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,545 shares of the real estate investment trust’s stock after purchasing an additional 359 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Digital Realty Trust were worth $9,153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. GoalVest Advisory LLC bought a new position in Digital Realty Trust in the 1st quarter valued at about $29,000. Future Financial Wealth Managment LLC bought a new position in Digital Realty Trust in the 1st quarter valued at about $34,000. Sound Income Strategies LLC increased its holdings in Digital Realty Trust by 122.4% in the 1st quarter. Sound Income Strategies LLC now owns 407 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 224 shares during the period. Hazelview Securities Inc. increased its holdings in Digital Realty Trust by 126.9% in the 1st quarter. Hazelview Securities Inc. now owns 312,200 shares of the real estate investment trust’s stock valued at $44,304,000 after buying an additional 174,610 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its holdings in Digital Realty Trust by 21.8% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 36,328 shares of the real estate investment trust’s stock valued at $5,233,000 after buying an additional 6,494 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $1.13 during midday trading on Thursday, reaching $148.02. 759,086 shares of the stock were exchanged, compared to its average volume of 1,964,660. The company’s fifty day moving average is $143.90 and its 200-day moving average is $141.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $46.25 billion, a PE ratio of 40.79, a PEG ratio of 19.17 and a beta of 0.57. Digital Realty Trust, Inc. has a 52 week low of $108.14 and a 52 week high of $154.18.

Digital Realty Trust Dividend Announcement

The company also recently announced 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. This represents a $4.88 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Wall Street Analyst Weigh In

Several research firms have commented on DLR. HSBC raised their target price on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday, May 3rd. Morgan Stanley lifted their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group lifted their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Citigroup lifted their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Barclays boosted their target price on shares of Digital Realty Trust from $119.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, May 30th. Three 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.06.

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.