InTrack Investment Management Inc Sells 1,350 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

InTrack Investment Management Inc lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 13.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,974 shares of the real estate investment trust’s stock after selling 1,350 shares during the quarter. InTrack Investment Management Inc’s holdings in Digital Realty Trust were worth $1,293,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC grew its stake in shares of Digital Realty Trust by 145.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 11,753 shares of the real estate investment trust’s stock worth $1,422,000 after buying an additional 6,959 shares during the last quarter. Bank of Nova Scotia grew its position in Digital Realty Trust by 3.4% during the 3rd quarter. Bank of Nova Scotia now owns 24,377 shares of the real estate investment trust’s stock worth $2,950,000 after acquiring an additional 804 shares during the last quarter. Fred Alger Management LLC acquired a new position in Digital Realty Trust in the 3rd quarter worth about $154,000. Gotham Asset Management LLC raised its position in Digital Realty Trust by 7.4% in the third quarter. Gotham Asset Management LLC now owns 28,159 shares of the real estate investment trust’s stock valued at $3,408,000 after purchasing an additional 1,946 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Digital Realty Trust by 11.2% during the third quarter. AQR Capital Management LLC now owns 63,609 shares of the real estate investment trust’s stock valued at $7,698,000 after purchasing an additional 6,417 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.5 %

DLR traded up $0.80 during midday trading on Tuesday, hitting $152.93. The company had a trading volume of 1,162,741 shares, compared to its average volume of 1,973,078. The company has a market capitalization of $47.78 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 19.91 and a beta of 0.59. The stock’s 50 day moving average price is $144.99 and its 200 day moving average price is $141.85. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 52 week low of $112.38 and a 52 week high of $154.18.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DLR shares. TD Cowen raised their price objective on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Morgan Stanley lifted their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. upgraded Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $150.00 to $175.00 in a report on Friday. Barclays lifted their target price on Digital Realty Trust from $119.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $149.42.

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.