USS Investment Management Ltd raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 5.4% during the 4th quarter, Holdings Channel reports. The fund owned 65,609 shares of the real estate investment trust’s stock after purchasing an additional 3,349 shares during the period. USS Investment Management Ltd’s holdings in Digital Realty Trust were worth $10,152,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Centersquare Investment Management LLC raised its holdings in Digital Realty Trust by 5.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,118,869 shares of the real estate investment trust’s stock valued at $539,190,000 after buying an additional 149,770 shares during the period. Nordea Investment Management AB raised its holdings in Digital Realty Trust by 53.1% during the 4th quarter. Nordea Investment Management AB now owns 673,347 shares of the real estate investment trust’s stock valued at $104,288,000 after buying an additional 233,676 shares during the period. Bank of America Corp DE raised its holdings in Digital Realty Trust by 6.6% during the 3rd quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock valued at $1,543,914,000 after buying an additional 553,907 shares during the period. Barclays PLC raised its holdings in Digital Realty Trust by 90.2% during the 3rd quarter. Barclays PLC now owns 1,047,177 shares of the real estate investment trust’s stock valued at $181,036,000 after buying an additional 496,534 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Digital Realty Trust during the 3rd quarter valued at $3,093,000. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Trading Up 0.2%
Digital Realty Trust stock opened at $184.49 on Tuesday. The stock has a 50-day moving average of $191.59 and a two-hundred day moving average of $175.55. 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 one year low of $146.23 and a one year high of $208.14. The stock has a market cap of $64.83 billion, a PE ratio of 48.68, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03.
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.6%. Digital Realty Trust’s dividend payout ratio (DPR) is 128.76%.
Wall Street Analyst Weigh In
DLR has been the topic of several recent research reports. Stifel Nicolaus increased their price target on Digital Realty Trust from $230.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 24th. BNP Paribas Exane increased their price target on Digital Realty Trust from $196.00 to $224.00 and gave the company an “outperform” rating in a report on Friday, April 24th. HSBC lowered Digital Realty Trust from a “buy” rating to a “hold” rating and increased their price target for the company from $193.00 to $210.00 in a report on Monday, April 27th. Evercore increased their price target on Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.89.
View Our Latest Research Report on Digital Realty Trust
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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