Northwestern Mutual Wealth Management Co. increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 61.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,380 shares of the real estate investment trust’s stock after buying an additional 14,207 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Digital Realty Trust were worth $5,783,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLR. Sunbelt Securities Inc. boosted its stake in Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in Digital Realty Trust by 970.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 165 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Digital Realty Trust during the 3rd quarter valued at about $34,000. Hantz Financial Services Inc. boosted its stake in Digital Realty Trust by 157.4% during the 4th quarter. Hantz Financial Services Inc. now owns 242 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 148 shares during the period. Finally, Salomon & Ludwin LLC boosted its stake in Digital Realty Trust by 63.5% during the 4th quarter. Salomon & Ludwin LLC now owns 255 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 99 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Stock Performance
Shares of DLR opened at $183.65 on Thursday. The company’s 50 day moving average price is $190.45 and its 200 day moving average price is $174.07. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. The company has a market capitalization of $64.54 billion, a PE ratio of 48.46, a PEG ratio of 5.09 and a beta of 1.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59.
Digital Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s payout ratio is currently 128.76%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on DLR shares. Mizuho upped their price target on shares of Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Scotiabank upped their price target on shares of Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $211.00 price target on shares of Digital Realty Trust in a research note on Friday, May 1st. Jefferies Financial Group upped their price target on shares of Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Truist Financial reiterated a “buy” rating and issued a $208.00 target price (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 issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $215.89.
Get Our Latest Report 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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