Shepherd Financial Partners LLC acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,679 shares of the real estate investment trust’s stock, valued at approximately $1,558,000.
Other large investors also recently bought and sold shares of the company. one8zero8 LLC purchased a new position in Digital Realty Trust in the 2nd quarter worth about $256,000. Tacita Capital Inc purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at about $1,125,000. Denali Advisors LLC boosted its holdings in shares of Digital Realty Trust by 1.3% during the 2nd quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 56 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of Digital Realty Trust in the second quarter worth approximately $772,000. Finally, Dala Group LLC purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $252,000. 99.71% of the stock is currently owned by institutional investors.
Digital Realty Trust Stock Down 1.6%
Shares of DLR stock opened at $192.21 on Thursday. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The stock has a market cap of $71.13 billion, a P/E ratio of 93.31, a P/E/G ratio of 5.53 and a beta of 1.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The company has a 50 day simple moving average of $186.53 and a two-hundred day simple moving average of $185.18.
Digital Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.22 per share. 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 236.89%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on DLR. BNP Paribas Exane raised their target price on shares of Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. TD Cowen upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $192.00 to $222.00 in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $230.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Scotiabank raised their price target on Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein lifted their price objective on Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $219.45.
Read Our Latest Research 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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