InterOcean Capital Group LLC Cuts Position in Digital Realty Trust, Inc. (NYSE:DLR)

InterOcean Capital Group LLC trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,560 shares of the real estate investment trust’s stock after selling 255 shares during the period. InterOcean Capital Group LLC’s holdings in Digital Realty Trust were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DLR. Gladstone Institutional Advisory LLC raised its stake in Digital Realty Trust by 1.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after buying an additional 72 shares during the last quarter. Schechter Investment Advisors LLC raised its position in shares of Digital Realty Trust by 2.4% in the 4th quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock worth $450,000 after purchasing an additional 78 shares during the last quarter. CENTRAL TRUST Co boosted its stake in Digital Realty Trust by 13.6% in the 1st quarter. CENTRAL TRUST Co now owns 700 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 84 shares in the last quarter. Benedict Financial Advisors Inc. grew its position in Digital Realty Trust by 0.5% during the 1st quarter. Benedict Financial Advisors Inc. now owns 18,207 shares of the real estate investment trust’s stock valued at $2,623,000 after purchasing an additional 84 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC increased its stake in Digital Realty Trust by 0.6% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 15,211 shares of the real estate investment trust’s stock valued at $2,191,000 after purchasing an additional 87 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DLR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Stifel Nicolaus lifted their target price on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 12th. HSBC boosted their price target on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research note on Friday, May 3rd. Barclays increased their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and an average target price of $152.30.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $142.58 on Friday. The firm has a market cap of $44.55 billion, a PE ratio of 40.94, a PEG ratio of 10.99 and a beta of 0.59. The stock has a 50 day moving average of $149.53 and a 200 day moving average of $144.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.