Cohen Capital Management Inc. Invests $205,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Cohen Capital Management Inc. purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,422 shares of the real estate investment trust’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rise Advisors LLC grew its stake in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in Digital Realty Trust in the 1st quarter valued at about $29,000. Baldwin Brothers LLC MA grew its stake in Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Bfsg LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $31,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $32,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.3 %

Shares of DLR stock traded up $2.10 during trading hours on Thursday, reaching $157.73. The company had a trading volume of 1,661,864 shares, compared to its average volume of 1,940,280. 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, Inc. has a twelve month low of $113.94 and a twelve month high of $160.46. The company has a market capitalization of $49.28 billion, a P/E ratio of 43.81, a price-to-earnings-growth ratio of 20.20 and a beta of 0.59. The stock’s fifty day simple moving average is $147.10 and its 200 day simple moving average is $142.84.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.09%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. HSBC increased 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. Deutsche Bank Aktiengesellschaft upped their target price 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. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Barclays upped their price target on shares of Digital Realty Trust from $119.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $150.00 to $175.00 in a research note on Friday, June 28th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and an average target price of $150.45.

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.