Northwestern Mutual Wealth Management Co. acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,733 shares of the real estate investment trust’s stock, valued at approximately $6,776,000.
A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in Digital Realty Trust during the 2nd quarter worth $7,277,032,000. Norges Bank purchased a new position in Digital Realty Trust in the fourth quarter valued at about $3,402,995,000. Cohen & Steers Inc. raised its position 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 valued at $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Digital Realty Trust by 686.0% during 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 worth $831,123,000 after purchasing an additional 4,195,862 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Digital Realty Trust in the second quarter worth about $408,371,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Up 0.1%
Shares of NYSE DLR opened at $190.81 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The stock’s 50-day simple moving average is $186.89 and its 200-day simple moving average is $185.56. The firm has a market cap of $70.79 billion, a price-to-earnings ratio of 92.63, a PEG ratio of 5.40 and a beta of 1.03.
Digital Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is 236.89%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on DLR. Mizuho set a $223.00 target price on Digital Realty Trust in a research note on Monday, August 10th. Argus raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $229.00 price target on shares of Digital Realty Trust in a report on Monday, July 27th. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Finally, Citigroup reissued a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $219.45.
Read Our Latest Research 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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