Shell Asset Management Co. Purchases Shares of 652 Digital Realty Trust, Inc. (NYSE:DLR)

Shell Asset Management Co. acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 652 shares of the real estate investment trust’s stock, valued at approximately $116,000.

Several other institutional investors have also recently modified their holdings of the company. Sona Asset Management US LLC bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $4,593,000. Raiffeisen Bank International AG purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $757,000. Resolution Capital Ltd grew its holdings in shares of Digital Realty Trust by 15.3% during the 4th quarter. Resolution Capital Ltd now owns 3,279,985 shares of the real estate investment trust’s stock valued at $581,640,000 after purchasing an additional 434,039 shares during the last quarter. ProShare Advisors LLC raised its position in Digital Realty Trust by 4.6% in the 4th quarter. ProShare Advisors LLC now owns 56,794 shares of the real estate investment trust’s stock worth $10,071,000 after purchasing an additional 2,480 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in Digital Realty Trust by 38.3% in the fourth quarter. Quantinno Capital Management LP now owns 14,081 shares of the real estate investment trust’s stock worth $2,497,000 after purchasing an additional 3,897 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLR. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Mizuho dropped their price objective on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Oppenheimer initiated coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $185.10.

Digital Realty Trust Trading Up 0.4%

Shares of NYSE DLR opened at $170.69 on Tuesday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a 50-day moving average of $152.91 and a 200 day moving average of $167.21. The stock has a market cap of $57.49 billion, a P/E ratio of 105.36, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business earned $1.67 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 456.07%.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.