Silverlake Wealth Management LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 3,159 shares of the real estate investment trust’s stock, valued at approximately $567,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Digital Realty Trust during the fourth quarter worth about $3,402,995,000. Cohen & Steers Inc. grew its stake in shares of 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 valued at $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Digital Realty Trust by 686.0% in the third 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 buying an additional 4,195,862 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at about $352,539,000. Finally, Viking Global Investors LP purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $233,301,000. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Trading Up 1.3%
Shares of DLR opened at $200.07 on Friday. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The stock has a 50-day moving average price of $185.78 and a 200 day moving average price of $184.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $74.03 billion, a P/E ratio of 97.12, a P/E/G ratio of 5.67 and a beta of 1.03.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s payout ratio is 236.89%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on DLR. Weiss Ratings cut Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. BTIG Research assumed coverage on shares of Digital Realty Trust in a research note on Friday, July 10th. They set a “buy” rating and a $215.00 price objective on the stock. Barclays upped their target price on shares of Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada raised their price target on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $219.13.
Get Our Latest Report on Digital Realty Trust
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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