Fideuram Asset Management Ireland dac purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm purchased 3,597 shares of the real estate investment trust’s stock, valued at approximately $568,000.
Several other hedge funds have also recently added to or reduced their stakes in DLR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Digital Realty Trust by 686.0% in 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 purchasing an additional 4,195,862 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Digital Realty Trust by 5,759.4% in 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 purchasing an additional 1,334,632 shares in the last quarter. Vanguard Group Inc. raised its position in Digital Realty Trust by 1.6% in 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 purchasing an additional 854,828 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Digital Realty Trust by 581.0% in 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 purchasing an additional 819,982 shares in the last quarter. Finally, Resolution Capital Ltd raised its position in Digital Realty Trust by 25.2% in the second quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock worth $517,345,000 after purchasing an additional 596,420 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Price Performance
DLR opened at $189.94 on Friday. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. 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 company’s 50 day simple moving average is $189.93 and its 200-day simple moving average is $173.58. The stock has a market capitalization of $66.75 billion, a P/E ratio of 50.12, a price-to-earnings-growth ratio of 5.16 and a beta of 1.06.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend 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%.
Analysts Set New Price Targets
DLR has been the topic of several research analyst reports. Citizens Jmp upped their price objective on shares of Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a research note on Monday, April 27th. Evercore upped their price objective on shares of Digital Realty Trust from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Digital Realty Trust from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Raymond James Financial upped their price objective on shares of Digital Realty Trust from $210.00 to $235.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 24th. Finally, Barclays upped their price objective on shares of Digital Realty Trust from $182.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.89.
Read Our Latest Stock Analysis 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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