CNB Bank Has $837,000 Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

CNB Bank lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,722 shares of the real estate investment trust’s stock after selling 519 shares during the period. CNB Bank’s holdings in Digital Realty Trust were worth $837,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DLR. Avanza Fonder AB purchased a new position in Digital Realty Trust during the 4th quarter worth $6,251,000. Occidental Asset Management LLC lifted its stake in Digital Realty Trust by 6.7% in the fourth quarter. Occidental Asset Management LLC now owns 11,978 shares of the real estate investment trust’s stock valued at $2,124,000 after purchasing an additional 750 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at $205,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Digital Realty Trust by 12.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,831 shares of the real estate investment trust’s stock valued at $2,098,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Stolper Co raised its holdings in Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after acquiring an additional 64 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DLR shares. Wells Fargo & Company boosted their target price on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.32.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Price Performance

NYSE DLR opened at $180.98 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $183.23 and its two-hundred day moving average is $166.42. The stock has a market cap of $60.03 billion, a price-to-earnings ratio of 151.95, a PEG ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the business earned $1.62 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.70%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

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.