Parkside Financial Bank & Trust Increases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Parkside Financial Bank & Trust increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 970 shares of the real estate investment trust’s stock after buying an additional 212 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Digital Realty Trust were worth $131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DLR. Operose Advisors LLC purchased a new position in Digital Realty Trust during the third quarter worth approximately $27,000. Baldwin Brothers LLC MA increased its stake 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 worth $30,000 after acquiring an additional 185 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth $32,000. Tennessee Valley Asset Management Partners acquired a new stake in Digital Realty Trust during the fourth quarter worth $32,000. Finally, ZRC Wealth Management LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DLR shares. Royal Bank of Canada reissued an “outperform” rating and set a $144.00 target price on shares of Digital Realty Trust in a research note on Friday, February 16th. Citigroup lifted their price objective on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Scotiabank cut Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective for the company. in a research note on Friday, February 16th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Barclays lifted their price objective 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 given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.33.

Digital Realty Trust Trading Up 1.5 %

DLR opened at $140.61 on Thursday. Digital Realty Trust, Inc. has a 12 month low of $86.33 and a 12 month high of $154.18. The stock has a market capitalization of $43.91 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 3.15 and a beta of 0.54. 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 business has a fifty day moving average price of $141.82 and a 200 day moving average price of $136.48.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

Insiders Place Their Bets

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

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.