Pacer Advisors Inc. reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 17.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 318,288 shares of the real estate investment trust’s stock after selling 69,154 shares during the period. Pacer Advisors Inc.’s holdings in Digital Realty Trust were worth $57,359,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $3,402,995,000. Cohen & Steers Inc. grew its holdings in Digital Realty Trust by 18.0% during the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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. Viking Global Investors LP purchased a new stake in Digital Realty Trust in the 4th quarter valued at $233,301,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Digital Realty Trust by 78.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock valued at $493,650,000 after acquiring an additional 1,405,791 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Trading Up 1.4%
Shares of Digital Realty Trust stock opened at $191.25 on Tuesday. The firm has a market cap of $67.21 billion, a PE ratio of 92.84, a P/E/G ratio of 5.35 and a beta of 1.03. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 1.59. The stock has a fifty day moving average price of $184.70 and a 200-day moving average price of $182.36.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.22 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.88 annualized dividend and a yield of 2.6%. Digital Realty Trust’s dividend payout ratio is presently 236.89%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Wolfe Research raised their price target on shares of Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Royal Bank Of Canada boosted their price target on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Finally, HSBC downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating and upped their price objective for the stock from $193.00 to $210.00 in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $218.17.
View Our Latest Analysis 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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