Resona Asset Management Co. Ltd. raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 4.3% in the first quarter, HoldingsChannel reports. The fund owned 199,149 shares of the real estate investment trust’s stock after acquiring an additional 8,295 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Digital Realty Trust were worth $35,120,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its holdings in Digital Realty Trust by 347.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Bell Investment Advisors Inc grew its stake in shares of Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 165 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Digital Realty Trust in the 3rd quarter worth about $34,000. Finally, MCF Advisors LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at about $35,000. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Stock Performance
Shares of Digital Realty Trust stock opened at $176.01 on Thursday. The company has a 50 day moving average of $188.46 and a 200-day moving average of $178.82. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The company has a market cap of $61.85 billion, a PE ratio of 46.44, a price-to-earnings-growth ratio of 4.75 and a beta of 1.03.
Digital Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.
Analyst Ratings Changes
DLR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Digital Realty Trust from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Sanford C. Bernstein boosted their price target on Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. The Goldman Sachs Group restated a “buy” rating and set a $215.00 price objective on shares of Digital Realty Trust in a research note on Friday, April 24th. Citigroup reaffirmed an “outperform” rating on shares of Digital Realty Trust in a report on Monday, April 27th. Finally, BNP Paribas Exane upped their target price on Digital Realty Trust from $196.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $216.81.
Digital Realty Trust Company 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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