Mitsubishi UFJ Trust & Banking Corp Sells 54,092 Shares of Digital Realty Trust, Inc. $DLR

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 20.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 206,653 shares of the real estate investment trust’s stock after selling 54,092 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Digital Realty Trust were worth $36,026,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock valued at $7,505,367,000 after acquiring an additional 925,674 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares during the period. Northern Trust Corp boosted its stake in shares of Digital Realty Trust by 4.3% in the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock valued at $759,609,000 after purchasing an additional 220,649 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock worth $675,456,000 after buying an additional 57,312 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Digital Realty Trust by 4.8% during the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust’s stock worth $586,414,000 after buying an additional 186,613 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLR has been the topic of a number of recent research reports. Loop Capital set a $205.00 price objective on shares of Digital Realty Trust in a research note on Monday, October 27th. Barclays raised their price target on Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research report on Monday, October 27th. Moffett Nathanson upped their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Daiwa Capital Markets initiated coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 target price on the stock. Finally, Morgan Stanley assumed coverage on Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $198.14.

Digital Realty Trust Stock Down 3.5%

Shares of Digital Realty Trust stock opened at $158.10 on Friday. The company has a market capitalization of $54.31 billion, a P/E ratio of 40.85, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. The business has a 50-day moving average of $171.54 and a two-hundred day moving average of $171.06. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

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

Digital Realty Trust Announces Dividend

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

Insider Activity at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Digital Realty Trust Company 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.