Heritage Investors Management Corp Sells 425 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Heritage Investors Management Corp lessened its position in Digital Realty Trust, Inc. (NYSE:DLR) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,942 shares of the real estate investment trust’s stock after selling 425 shares during the period. Heritage Investors Management Corp’s holdings in Digital Realty Trust were worth $665,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DLR. Mackenzie Financial Corp increased its holdings in shares of Digital Realty Trust by 6.0% in the 3rd quarter. Mackenzie Financial Corp now owns 29,827 shares of the real estate investment trust’s stock worth $3,435,000 after purchasing an additional 1,686 shares in the last quarter. Advisor Partners II LLC increased its holdings in Digital Realty Trust by 10.4% in the 3rd quarter. Advisor Partners II LLC now owns 9,819 shares of the real estate investment trust’s stock worth $1,188,000 after buying an additional 929 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Digital Realty Trust in the 3rd quarter worth about $1,209,000. Graypoint LLC purchased a new position in Digital Realty Trust in the 3rd quarter worth about $200,000. Finally, Oregon Public Employees Retirement Fund lifted its stake in Digital Realty Trust by 3.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,405 shares of the real estate investment trust’s stock valued at $2,832,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DLR shares. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 16th. Raymond James raised their price target on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $144.00 price target on shares of Digital Realty Trust in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and a consensus target price of $142.65.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $3.29 during mid-day trading on Thursday, hitting $143.54. The stock had a trading volume of 10,646,626 shares, compared to its average volume of 2,109,664. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The firm’s 50 day moving average is $142.46 and its 200 day moving average is $137.94. The firm has a market capitalization of $44.84 billion, a P/E ratio of 39.87, 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.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.40%. Digital Realty Trust’s dividend 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.