Fideuram Asset Management Ireland dac acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,597 shares of the real estate investment trust’s stock, valued at approximately $568,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. New York State Common Retirement Fund lifted its position in Digital Realty Trust by 7.1% during the 3rd quarter. New York State Common Retirement Fund now owns 233,569 shares of the real estate investment trust’s stock worth $40,379,000 after acquiring an additional 15,569 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Digital Realty Trust by 13.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock worth $25,545,000 after acquiring an additional 17,729 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Digital Realty Trust by 5.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,118,869 shares of the real estate investment trust’s stock worth $539,190,000 after acquiring an additional 149,770 shares during the last quarter. Gallacher Capital Management LLC acquired a new position in Digital Realty Trust during the 3rd quarter worth $762,000. Finally, Aberdeen Group plc lifted its position in Digital Realty Trust by 6.8% during the 3rd quarter. Aberdeen Group plc now owns 934,898 shares of the real estate investment trust’s stock worth $158,652,000 after acquiring an additional 59,815 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Stock Down 0.8%
Shares of DLR opened at $189.94 on Friday. The company has a 50-day simple moving average of $189.93 and a 200-day simple moving average of $173.58. The firm has a market capitalization of $66.75 billion, a P/E ratio of 50.12, a P/E/G ratio of 5.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14.
Digital Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio is 128.76%.
Analyst Ratings Changes
DLR has been the subject of a number of research analyst reports. Mizuho boosted their target price on shares of Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. BMO Capital Markets boosted their target price on shares of Digital Realty Trust from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Citigroup reissued an “outperform” rating on shares of Digital Realty Trust in a research report on Monday, April 27th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, HSBC lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from $193.00 to $210.00 in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $215.89.
Get Our Latest Analysis on DLR
About Digital Realty Trust
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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