Swiss National Bank increased its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 7.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,008,049 shares of the real estate investment trust’s stock after acquiring an additional 73,500 shares during the quarter. Swiss National Bank’s holdings in Digital Realty Trust were worth $181,661,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of DLR. Bison Wealth LLC grew its position in shares of Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 390 shares in the last quarter. Empowered Funds LLC boosted its stake in Digital Realty Trust by 9.4% during the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock valued at $972,000 after buying an additional 584 shares during the period. NewEdge Advisors LLC boosted its stake in Digital Realty Trust by 23.0% during the second quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock valued at $3,790,000 after buying an additional 4,069 shares during the period. Treasurer of the State of North Carolina grew its position in Digital Realty Trust by 3.9% during the second 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 buying an additional 5,909 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in Digital Realty Trust by 0.8% in 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 acquiring an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Price Performance
Shares of Digital Realty Trust stock opened at $173.86 on Monday. 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 firm has a market capitalization of $61.10 billion, a PE ratio of 45.87, a price-to-earnings-growth ratio of 4.72 and a beta of 1.03. The business’s 50-day moving average price is $185.62 and its 200-day moving average price is $179.94. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14.
Digital Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s dividend payout ratio is 128.76%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DLR. Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 14th. Citigroup reissued an “outperform” rating on shares of Digital Realty Trust in a research note on Monday, April 27th. Finally, Wells Fargo & Company increased their price target on shares of Digital Realty Trust from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.17.
Check Out Our Latest Stock Report on DLR
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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