Stock Yards Bank & Trust Co. Has $2.59 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Stock Yards Bank & Trust Co. cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,994 shares of the real estate investment trust's stock after selling 2,685 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Digital Realty Trust were worth $2,588,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Digital Realty Trust by 15.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,976 shares of the real estate investment trust's stock worth $2,277,000 after purchasing an additional 2,027 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Digital Realty Trust by 5.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,761 shares of the real estate investment trust's stock worth $1,332,000 after acquiring an additional 429 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter valued at $208,000. Assenagon Asset Management S.A. lifted its holdings in shares of Digital Realty Trust by 0.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 27,794 shares of the real estate investment trust's stock valued at $4,226,000 after acquiring an additional 124 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Digital Realty Trust by 1,172.1% during the 2nd quarter. Blue Trust Inc. now owns 1,870 shares of the real estate investment trust's stock worth $269,000 after purchasing an additional 1,723 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DLR. Raymond James boosted their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday. HSBC raised shares of Digital Realty Trust from a "reduce" rating to a "hold" rating and increased their price objective for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Scotiabank upped their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $171.68.

Digital Realty Trust Stock Down 0.2 %

NYSE DLR traded down $0.35 during trading on Friday, hitting $185.56. 359,485 shares of the company traded hands, compared to its average volume of 1,869,736. The company has a market capitalization of $61.55 billion, a P/E ratio of 157.26, a PEG ratio of 4.97 and a beta of 0.62. The business has a fifty day simple moving average of $178.29 and a 200 day simple moving average of $161.04. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $198.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $1.62 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.63%. Digital Realty Trust's dividend payout ratio is 410.08%.

Digital Realty Trust Profile

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.