Purpose Unlimited Inc. bought a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,276 shares of the real estate investment trust’s stock, valued at approximately $507,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC raised its holdings in shares of Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 390 shares during the period. Empowered Funds LLC grew its holdings in shares of Digital Realty Trust by 9.4% during the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 584 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Digital Realty Trust by 23.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock worth $3,790,000 after purchasing an additional 4,069 shares during the period. Treasurer of the State of North Carolina increased its position in Digital Realty Trust by 3.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock worth $27,469,000 after purchasing an additional 5,909 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in Digital Realty Trust by 0.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock worth $4,816,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Stock Up 0.0%
NYSE DLR opened at $188.15 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The business has a 50 day moving average price of $192.03 and a two-hundred day moving average price of $176.39. The stock has a market cap of $66.12 billion, a PE ratio of 49.64, a P/E/G ratio of 5.11 and a beta of 1.03.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 2.6%. Digital Realty Trust’s payout ratio is 128.76%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Digital Realty Trust from $182.00 to $189.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Evercore increased their price objective on shares of Digital Realty Trust from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Cantor Fitzgerald restated an “overweight” rating and set a $211.00 target price on shares of Digital Realty Trust in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $215.00 price target on shares of Digital Realty Trust in a research report on Friday, April 24th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $215.89.
Check Out Our Latest Report on Digital Realty Trust
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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