Goldman Sachs Group Inc. raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,041,373 shares of the real estate investment trust’s stock after purchasing an additional 23,444 shares during the period. Goldman Sachs Group Inc.’s holdings in Digital Realty Trust were worth $470,531,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Digital Realty Trust during the fourth quarter worth $3,402,995,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Digital Realty Trust by 686.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock worth $831,123,000 after buying an additional 4,195,862 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Digital Realty Trust by 5,759.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,357,805 shares of the real estate investment trust’s stock worth $210,066,000 after buying an additional 1,334,632 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Digital Realty Trust by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock worth $8,394,620,000 after buying an additional 854,828 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Digital Realty Trust by 581.0% during the third quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock worth $166,159,000 after buying an additional 819,982 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Digital Realty Trust Stock Performance
Shares of Digital Realty Trust stock opened at $188.94 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14. The stock has a market cap of $66.40 billion, a price-to-earnings ratio of 49.85, a P/E/G ratio of 4.99 and a beta of 1.02. The company’s fifty day moving average is $190.74 and its 200 day moving average is $174.29.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.6%. Digital Realty Trust’s dividend payout ratio is 128.76%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Citizens Jmp upped their price target on shares of Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a report on Monday, April 27th. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. TD Cowen upped their price target on shares of Digital Realty Trust from $185.00 to $192.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Scotiabank upped their price target on shares of Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have given a Hold rating to the company’s 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.
Read Our Latest Stock Report on DLR
Digital Realty Trust Company 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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