Jacobi Capital Management LLC Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Jacobi Capital Management LLC lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,775 shares of the real estate investment trust’s stock after selling 560 shares during the quarter. Jacobi Capital Management LLC’s holdings in Digital Realty Trust were worth $832,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC raised its stake in shares of Digital Realty Trust by 1.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after acquiring an additional 72 shares during the period. Schechter Investment Advisors LLC lifted its stake in Digital Realty Trust by 2.4% during the fourth 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 in the last quarter. CENTRAL TRUST Co boosted its position in shares of Digital Realty Trust by 13.6% during the first quarter. CENTRAL TRUST Co now owns 700 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 84 shares during the period. Benedict Financial Advisors Inc. boosted its position in shares of Digital Realty Trust by 0.5% during the first quarter. Benedict Financial Advisors Inc. now owns 18,207 shares of the real estate investment trust’s stock worth $2,623,000 after buying an additional 84 shares during the period. Finally, Taylor Frigon Capital Management LLC grew its stake in shares of Digital Realty Trust by 0.6% in the first 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 buying an additional 87 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded up $0.39 on Monday, reaching $155.56. 1,321,140 shares of the company were exchanged, compared to its average volume of 1,909,936. 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 1-year low of $113.94 and a 1-year high of $162.58. The company has a 50-day moving average of $148.83 and a 200-day moving average of $143.91. The firm has a market cap of $48.60 billion, a price-to-earnings ratio of 43.27, a price-to-earnings-growth ratio of 11.30 and a beta of 0.59.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.14%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s payout ratio is currently 135.56%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. HSBC raised their target price on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday, May 3rd. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price objective on the stock. Evercore ISI reiterated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. TD Cowen increased their target price on Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, UBS Group increased their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $151.20.

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.