JLP Asset Management LLC Decreases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

JLP Asset Management LLC trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 85.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,400 shares of the real estate investment trust's stock after selling 32,500 shares during the period. Digital Realty Trust accounts for about 0.9% of JLP Asset Management LLC's investment portfolio, making the stock its 25th largest position. JLP Asset Management LLC's holdings in Digital Realty Trust were worth $727,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Schechter Investment Advisors LLC increased its position in Digital Realty Trust by 18.5% in the 3rd quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust's stock worth $396,000 after buying an additional 511 shares during the period. American Century Companies Inc. increased its position in shares of Digital Realty Trust by 2.8% during the third quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust's stock valued at $87,209,000 after purchasing an additional 19,931 shares during the period. Raymond James & Associates increased its position in shares of Digital Realty Trust by 5.7% during the fourth quarter. Raymond James & Associates now owns 299,551 shares of the real estate investment trust's stock valued at $40,314,000 after purchasing an additional 16,101 shares during the period. Vanguard Group Inc. increased its position in shares of Digital Realty Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust's stock valued at $5,735,240,000 after purchasing an additional 971,032 shares during the period. Finally, Allworth Financial LP increased its position in shares of Digital Realty Trust by 6,208.6% during the fourth quarter. Allworth Financial LP now owns 43,403 shares of the real estate investment trust's stock valued at $5,841,000 after purchasing an additional 42,715 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Up 0.6 %

Shares of DLR stock traded up $0.79 on Monday, reaching $143.39. 1,152,541 shares of the stock were exchanged, compared to its average volume of 2,040,780. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The stock has a 50 day moving average price of $142.96 and a 200 day moving average price of $134.88. 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 stock has a market cap of $44.78 billion, a PE ratio of 48.28, a P/E/G ratio of 3.24 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The company 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 3.40%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust's payout ratio is 164.31%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DLR. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, February 20th. Raymond James boosted their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research report on Friday, February 16th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Scotiabank lowered Digital Realty Trust from a "sector outperform" rating to a "sector perform" rating and set a $157.00 price target on the stock. in a research note on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued 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, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $142.00.

Insider Activity at Digital Realty Trust

In other 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 completion of the transaction, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.39% of the company's stock.

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.