Bank OZK Makes New $222,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Bank OZK bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, HoldingsChannel reports. The firm bought 1,653 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLR. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after buying an additional 971,032 shares in the last quarter. FMR LLC boosted its stake in Digital Realty Trust by 4.8% in the 3rd quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock worth $1,046,522,000 after purchasing an additional 394,682 shares in the last quarter. Morgan Stanley grew its position in Digital Realty Trust by 6.8% during the 3rd quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock valued at $535,658,000 after purchasing an additional 282,825 shares during the last quarter. Northern Trust Corp increased its stake in Digital Realty Trust by 4.3% during the 3rd quarter. Northern Trust Corp now owns 3,887,691 shares of the real estate investment trust’s stock valued at $470,488,000 after purchasing an additional 160,730 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Digital Realty Trust by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,151,172 shares of the real estate investment trust’s stock worth $381,355,000 after buying an additional 180,869 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $1.34 during mid-day trading on Friday, hitting $142.83. The stock had a trading volume of 1,798,207 shares, compared to its average volume of 1,403,621. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $141.81 and its 200 day moving average is $136.79. The firm has a market capitalization of $44.60 billion, a P/E ratio of 48.09, a P/E/G ratio of 3.25 and a beta of 0.54. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Raymond James boosted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Citigroup increased their price objective on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Truist Financial boosted their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Scotiabank downgraded shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus price target of $143.33.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.