Avalon Trust Co Makes New $56,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Avalon Trust Co acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 417 shares of the real estate investment trust’s stock, valued at approximately $56,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baldwin Brothers LLC MA lifted its position in shares of 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 purchasing an additional 185 shares in the last quarter. Operose Advisors LLC bought a new position in Digital Realty Trust in the 3rd quarter valued at $27,000. Bfsg LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $31,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Digital Realty Trust in the 4th quarter worth about $32,000. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, 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.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. UBS Group upped their price objective on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen raised their target price on Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday. Citigroup increased their price target on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Morgan Stanley boosted their price objective 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $142.65.

Digital Realty Trust Price Performance

NYSE:DLR traded up $6.85 during trading hours on Friday, hitting $147.00. The stock had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 3.34 and a beta of 0.55. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The company has a 50 day simple moving average of $142.27 and a two-hundred day simple moving average of $137.52. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is 135.56%.

About Digital Realty Trust

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.