ProShare Advisors LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,576 shares of the real estate investment trust’s stock after buying an additional 4,794 shares during the quarter. ProShare Advisors LLC’s holdings in Digital Realty Trust were worth $12,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in Digital Realty Trust by 347.2% in the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 125 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Digital Realty Trust by 970.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 165 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Digital Realty Trust in the third quarter worth approximately $34,000. Colonial Trust Co SC boosted its stake in Digital Realty Trust by 43.0% in the third quarter. Colonial Trust Co SC now owns 236 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 71 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Digital Realty Trust in the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Price Performance
DLR opened at $194.12 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The stock has a market capitalization of $68.22 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 5.18 and a beta of 1.06. The stock’s 50 day moving average price is $188.52 and its 200-day moving average price is $172.65.
Digital Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.5%. Digital Realty Trust’s payout ratio is 128.76%.
Analysts Set New Price Targets
DLR has been the subject of several recent research reports. Wolfe Research boosted their price objective on Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Morgan Stanley boosted their price objective on Digital Realty Trust from $210.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Sanford C. Bernstein boosted their price objective on Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Evercore boosted their price objective on Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane boosted their price objective on Digital Realty Trust from $196.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.89.
Check Out Our Latest Stock Analysis on DLR
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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