Rakuten Investment Management Inc. Makes New $10.10 Million Investment in Digital Realty Trust, Inc. $DLR

Rakuten Investment Management Inc. purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 58,432 shares of the real estate investment trust’s stock, valued at approximately $10,102,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DLR. Pinnacle Bancorp Inc. acquired a new stake in Digital Realty Trust in the 3rd quarter valued at about $25,000. South Plains Financial Inc. lifted its holdings in shares of Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 115 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Digital Realty Trust in the third quarter valued at about $28,000. Tobam acquired a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $28,000. Finally, First Horizon Corp purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $158.99 on Thursday. The stock has a fifty day moving average price of $157.17 and a 200 day moving average price of $166.37. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $187.74. The firm has a market capitalization of $54.61 billion, a P/E ratio of 41.08, a PEG ratio of 3.74 and a beta of 1.11. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion for the quarter. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio is 126.10%.

Analyst Ratings Changes

DLR has been the topic of a number of recent research reports. Moffett Nathanson upped their target price on Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Hsbc Global Res upgraded Digital Realty Trust from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Mizuho cut their target price on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Finally, Wall Street Zen cut shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.22.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.