Fielder Capital Group LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 11.5% in the 4th quarter, Holdings Channel reports. The firm owned 30,362 shares of the real estate investment trust’s stock after acquiring an additional 3,129 shares during the quarter. Digital Realty Trust accounts for about 1.0% of Fielder Capital Group LLC’s portfolio, making the stock its 27th largest holding. Fielder Capital Group LLC’s holdings in Digital Realty Trust were worth $4,697,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Digital Realty Trust by 13.5% in the third quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock worth $25,545,000 after purchasing an additional 17,729 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of Digital Realty Trust by 5.0% in the third quarter. Centersquare Investment Management LLC now owns 3,118,869 shares of the real estate investment trust’s stock worth $539,190,000 after purchasing an additional 149,770 shares during the last quarter. Aberdeen Group plc increased its position in shares of Digital Realty Trust by 6.8% in the third quarter. Aberdeen Group plc now owns 934,898 shares of the real estate investment trust’s stock worth $158,652,000 after purchasing an additional 59,815 shares during the last quarter. Gallacher Capital Management LLC bought a new position in shares of Digital Realty Trust in the third quarter worth approximately $762,000. Finally, Nordea Investment Management AB increased its position in shares of Digital Realty Trust by 53.1% in the fourth quarter. Nordea Investment Management AB now owns 673,347 shares of the real estate investment trust’s stock worth $104,288,000 after purchasing an additional 233,676 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Trading Down 2.7%
Digital Realty Trust stock opened at $184.86 on Tuesday. The business’s fifty day moving average is $190.03 and its 200 day moving average is $173.73. The stock has a market capitalization of $64.96 billion, a PE ratio of 48.77, a price-to-earnings-growth ratio of 5.16 and a beta of 1.03. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59.
Digital Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s payout ratio is presently 128.76%.
Analysts Set New Price Targets
DLR has been the subject of several research reports. BMO Capital Markets upped their target price on Digital Realty Trust from $205.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Stifel Nicolaus upped their target price on Digital Realty Trust from $230.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 24th. Raymond James Financial increased their price objective on Digital Realty Trust from $210.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Friday, April 24th. Citizens Jmp increased their price objective on Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a report on Monday, April 27th. Finally, Truist Financial reiterated a “buy” rating and issued a $208.00 price objective (up from $207.00) on shares of Digital Realty Trust in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.89.
View Our Latest Stock Report on DLR
Digital Realty Trust 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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