Cohen Capital Management Inc. Acquires New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

Cohen Capital Management Inc. acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the first quarter, HoldingsChannel reports. The fund acquired 1,422 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC boosted its position in Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares during the last quarter. GoalVest Advisory LLC bought a new position in Digital Realty Trust during the first quarter valued at about $29,000. Baldwin Brothers LLC MA raised its holdings in Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. Bfsg LLC bought a new position in Digital Realty Trust during the fourth quarter valued at about $31,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Digital Realty Trust during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective 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. UBS Group lifted 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. Mizuho initiated coverage on Digital Realty Trust in a research note on Thursday. They issued an “outperform” rating and a $170.00 price objective on the stock. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $150.45.

Digital Realty Trust Price Performance

NYSE DLR traded up $2.10 during trading on Thursday, reaching $157.73. 1,661,864 shares of the company traded hands, compared to its average volume of 1,940,280. 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 stock’s 50 day moving average price is $147.10 and its two-hundred day moving average price is $142.84. The company has a market cap of $49.28 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 20.20 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $160.46.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s payout ratio is currently 135.56%.

Digital Realty Trust 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.