Swedbank AB raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,524 shares of the real estate investment trust’s stock after acquiring an additional 2,941 shares during the quarter. Swedbank AB’s holdings in Digital Realty Trust were worth $54,694,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund increased its holdings in Digital Realty Trust by 7.1% during the third quarter. New York State Common Retirement Fund now owns 233,569 shares of the real estate investment trust’s stock worth $40,379,000 after buying an additional 15,569 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Digital Realty Trust by 13.5% during the third quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock worth $25,545,000 after buying an additional 17,729 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in Digital Realty Trust by 5.0% during the third quarter. Centersquare Investment Management LLC now owns 3,118,869 shares of the real estate investment trust’s stock worth $539,190,000 after buying an additional 149,770 shares during the last quarter. Gallacher Capital Management LLC acquired a new position in Digital Realty Trust during the third quarter worth $762,000. Finally, Aberdeen Group plc increased its holdings in Digital Realty Trust by 6.8% during the third quarter. Aberdeen Group plc now owns 934,898 shares of the real estate investment trust’s stock worth $158,652,000 after buying an additional 59,815 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Digital Realty Trust Trading Up 0.1%
DLR stock opened at $192.14 on Monday. 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 has a fifty day moving average price of $188.75 and a two-hundred day moving average price of $172.79. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The stock has a market cap of $67.52 billion, a price-to-earnings ratio of 50.70, a price-to-earnings-growth ratio of 5.22 and a beta of 1.06.
Digital Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued 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 dividend yield of 2.5%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.
Analysts Set New Price Targets
DLR has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, April 24th. BMO Capital Markets boosted their target price on shares of Digital Realty Trust from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Morgan Stanley boosted 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. Mizuho boosted their target price on shares of Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, UBS Group lifted their price objective on shares of Digital Realty Trust from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.89.
Check Out Our Latest Research Report on Digital Realty Trust
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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