Ieq Capital LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,805 shares of the real estate investment trust’s stock, valued at approximately $863,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Callan Family Office LLC bought a new position in Digital Realty Trust in the second quarter worth approximately $1,460,000. Keebeck Wealth Management bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $436,000. Blue Capital Inc. purchased a new stake in shares of Digital Realty Trust in the 2nd quarter worth $2,698,000. Keating Financial Advisory Services Inc. bought a new position in Digital Realty Trust in the 2nd quarter worth $52,000. Finally, OneAscent Financial Services LLC purchased a new position in Digital Realty Trust during the second quarter valued at $558,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Down 0.7%
Shares of DLR opened at $192.12 on Friday. The business’s 50 day moving average is $187.21 and its 200 day moving average is $186.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a market capitalization of $71.28 billion, a PE ratio of 93.26, a price-to-earnings-growth ratio of 5.48 and a beta of 1.03.
Digital Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.22 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.5%. Digital Realty Trust’s payout ratio is presently 236.89%.
Analysts Set New Price Targets
DLR has been the subject of a number of analyst reports. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $229.00 price objective on shares of Digital Realty Trust in a research note on Monday, July 27th. Guggenheim upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday, July 15th. TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $192.00 to $222.00 in a report on Friday, July 24th. Finally, Cantor Fitzgerald upped their price target on shares of Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $219.45.
Read Our Latest Report on Digital Realty Trust
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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