Jacobi Capital Management LLC Has $832,000 Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Jacobi Capital Management LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,775 shares of the real estate investment trust’s stock after selling 560 shares during the period. Jacobi Capital Management LLC’s holdings in Digital Realty Trust were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DLR. Rise Advisors LLC grew its holdings in Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares during the last quarter. GoalVest Advisory LLC bought a new position in Digital Realty Trust in the 1st quarter valued at $29,000. Bfsg LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust during the first quarter worth $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Digital Realty Trust in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of research reports. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. HSBC raised their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research note on Friday, May 3rd. Morgan Stanley increased their price target on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. TD Cowen lifted their price objective on Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, Stifel Nicolaus increased their target price on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $151.20.

Digital Realty Trust Stock Up 0.3 %

Digital Realty Trust stock traded up $0.39 during midday trading on Monday, reaching $155.56. The stock had a trading volume of 1,321,140 shares, compared to its average volume of 1,909,936. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58. The firm’s fifty day simple moving average is $148.83 and its 200-day simple moving average is $143.91. The stock has a market capitalization of $48.60 billion, a P/E ratio of 43.27, a price-to-earnings-growth ratio of 11.30 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.14%. Digital Realty Trust’s payout ratio 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.