Natural Investments LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,167 shares of the real estate investment trust’s stock, valued at approximately $203,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust during the 1st quarter worth $26,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth $31,000. Key Financial Inc grew its position in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 138 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth $38,000. Institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Price Performance
Shares of NYSE DLR opened at $168.62 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market cap of $57.51 billion, a PE ratio of 44.26, a P/E/G ratio of 4.75 and a beta of 0.96. The business has a 50-day simple moving average of $169.81 and a two-hundred day simple moving average of $166.82. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.08%.
Insiders Place Their Bets
In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.
Wall Street Analysts Forecast Growth
DLR has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Raymond James Financial raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday. Finally, Mizuho raised their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.44.
View Our Latest Stock Report on Digital Realty Trust
Digital Realty Trust Profile
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.
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