Y Intercept Hong Kong Ltd lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 627.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,977 shares of the real estate investment trust’s stock after acquiring an additional 9,467 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Digital Realty Trust were worth $1,978,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its position in Digital Realty Trust by 9.1% in the first quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 55 shares during the last quarter. South Plains Financial Inc. raised its stake in shares of Digital Realty Trust by 25.7% in the fourth quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 56 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Digital Realty Trust by 2.6% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust’s stock valued at $372,000 after acquiring an additional 61 shares during the period. PDS Planning Inc lifted its holdings in shares of Digital Realty Trust by 3.6% in the 4th quarter. PDS Planning Inc now owns 1,785 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 62 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in Digital Realty Trust by 56.9% during the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Performance
Shares of Digital Realty Trust stock opened at $176.01 on Thursday. The company has a 50 day moving average price of $188.46 and a 200 day moving average price of $178.82. The firm has a market capitalization of $61.85 billion, a P/E ratio of 46.44, a PEG ratio of 4.75 and a beta of 1.03. 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 52 week low of $146.23 and a 52 week high of $208.14.
Digital Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Digital Realty Trust’s dividend payout ratio is presently 128.76%.
Analyst Ratings Changes
A number of analysts recently weighed in on DLR shares. Wolfe Research increased their price objective on shares of Digital Realty Trust from $194.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Sanford C. Bernstein boosted their price target on Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Morgan Stanley increased their target price on shares of Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $215.00 price target on shares of Digital Realty Trust in a report on Friday, April 24th. Finally, HSBC lowered Digital Realty Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from $193.00 to $210.00 in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $216.81.
Check Out Our Latest Research Report on DLR
About Digital Realty Trust
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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