Pacific Sun Financial Corp bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,216 shares of the real estate investment trust’s stock, valued at approximately $1,655,000. Digital Realty Trust accounts for about 0.7% of Pacific Sun Financial Corp’s holdings, making the stock its 27th largest holding.
Several other institutional investors and hedge funds have also recently modified their holdings of DLR. BlackRock Inc. purchased a new position in shares of Digital Realty Trust during the second quarter valued at about $7,277,032,000. Norges Bank bought a new position in Digital Realty Trust in the fourth quarter worth about $3,402,995,000. Cohen & Steers Inc. lifted its holdings in Digital Realty Trust by 18.0% in the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after buying an additional 4,276,073 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after acquiring an additional 4,195,862 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $408,371,000. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Stock Down 1.2%
Shares of NYSE:DLR opened at $195.49 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $186.30 and a two-hundred day simple moving average of $185.00. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The stock has a market capitalization of $72.34 billion, a price-to-earnings ratio of 94.90, a PEG ratio of 5.67 and a beta of 1.03.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is 236.89%.
Wall Street Analysts Forecast Growth
DLR has been the subject of several research reports. Evercore reissued an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a research report on Tuesday. Barclays lifted their price target on Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Scotiabank upped their price target on Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. UBS Group increased their price objective on Digital Realty Trust from $225.00 to $227.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Weiss Ratings lowered Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $219.45.
Get Our Latest Analysis on Digital Realty Trust
About Digital Realty Trust
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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