Nations Financial Group Inc. IA ADV bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,415 shares of the real estate investment trust’s stock, valued at approximately $796,000.
Several other large investors have also added to or reduced their stakes in DLR. Bison Wealth LLC boosted its holdings in shares of Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 390 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Digital Realty Trust by 9.4% in the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock valued at $972,000 after acquiring an additional 584 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Digital Realty Trust by 23.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock valued at $3,790,000 after acquiring an additional 4,069 shares during the period. Treasurer of the State of North Carolina boosted its stake in Digital Realty Trust by 3.9% during the second quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock worth $27,469,000 after acquiring an additional 5,909 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in Digital Realty Trust by 0.8% in the second quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock worth $4,816,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Trading Down 0.3%
NYSE:DLR opened at $194.97 on Wednesday. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The company has a market cap of $68.51 billion, a PE ratio of 51.44, a PEG ratio of 5.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a 50-day moving average of $192.29 and a 200-day moving average of $176.90.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s payout ratio is currently 128.76%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on DLR shares. Mizuho upped their price objective on shares of Digital Realty Trust from $180.00 to $217.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Citizens Jmp raised their target price on Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a research note on Monday, April 27th. HSBC lowered Digital Realty Trust from a “buy” rating to a “hold” rating and boosted their target price for the company from $193.00 to $210.00 in a research report on Monday, April 27th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $211.00 price target on shares of Digital Realty Trust in a report on Friday, May 1st. Finally, BMO Capital Markets raised their price objective on Digital Realty Trust from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.89.
View Our Latest Research Report on DLR
Digital Realty Trust Profile
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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