Union Bancaire Privee UBP SA lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 622.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,470 shares of the real estate investment trust’s stock after purchasing an additional 20,220 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Digital Realty Trust were worth $4,230,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its position in Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Digital Realty Trust by 970.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 165 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Digital Realty Trust in the 3rd quarter valued at $34,000. Finally, MCF Advisors LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Performance
Shares of DLR stock opened at $193.16 on Friday. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month 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 firm has a market capitalization of $67.88 billion, a P/E ratio of 50.97, a P/E/G ratio of 5.24 and a beta of 1.02. The company’s fifty day moving average price is $192.20 and its two-hundred day moving average price is $177.43.
Digital Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio is presently 128.76%.
Analysts Set New Price Targets
Several brokerages recently issued reports on DLR. Barclays increased their price target on Digital Realty Trust from $182.00 to $189.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Digital Realty Trust from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $211.00 target price on shares of Digital Realty Trust in a research note on Friday, May 1st. HSBC downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $193.00 to $210.00 in a report on Monday, April 27th. Finally, Morgan Stanley upped their price target on Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.52.
Check Out Our Latest Stock Report on Digital Realty Trust
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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