Meridian Wealth Management LLC Purchases Shares of 19,259 Digital Realty Trust, Inc. (NYSE:DLR)

Meridian Wealth Management LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,259 shares of the real estate investment trust's stock, valued at approximately $2,592,000.

Several other large investors also recently bought and sold shares of DLR. Resolution Capital Ltd increased its stake in shares of Digital Realty Trust by 106.7% during the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust's stock worth $284,532,000 after acquiring an additional 1,213,526 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.1% in the 3rd 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 buying an additional 971,032 shares during the period. FMR LLC boosted its stake in shares of Digital Realty Trust by 4.8% in the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust's stock valued at $1,046,522,000 after buying an additional 394,682 shares in the last quarter. Wellington Management Group LLP raised its position in Digital Realty Trust by 1,825.0% in the third quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust's stock worth $48,623,000 after acquiring an additional 380,904 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the third quarter valued at $34,561,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling 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 on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by insiders.

Digital Realty Trust Trading Down 0.8 %

DLR traded down $1.11 during trading on Friday, hitting $143.83. The company's stock had a trading volume of 1,556,039 shares, compared to its average volume of 2,589,852. The firm's 50 day moving average price is $141.48 and its 200-day moving average price is $138.96. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $44.94 billion, a PE ratio of 39.95 and a beta of 0.55. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.22 dividend. The ex-dividend date is Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.39%. Digital Realty Trust's dividend payout ratio (DPR) is presently 135.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. HSBC increased their price target on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a "reduce" rating in a report on Friday, May 3rd. UBS Group boosted their price target on Digital Realty Trust from $143.00 to $147.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $144.00 price target on shares of Digital Realty Trust 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, Citigroup boosted 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $142.65.

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.