Natixis Advisors LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 11.9% during the fourth quarter, HoldingsChannel reports. The firm owned 204,001 shares of the real estate investment trust’s stock after selling 27,618 shares during the period. Natixis Advisors LLC’s holdings in Digital Realty Trust were worth $31,561,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Digital Realty Trust by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock worth $8,394,620,000 after buying an additional 854,828 shares during the period. Norges Bank purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $3,402,995,000. Geode Capital Management LLC increased its holdings in shares of Digital Realty Trust by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock worth $1,423,373,000 after buying an additional 197,180 shares during the period. Bank of America Corp DE increased its holdings in shares of Digital Realty Trust by 6.6% in the third quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock worth $1,543,914,000 after buying an additional 553,907 shares during the period. Finally, APG Asset Management US Inc. increased its holdings in shares of Digital Realty Trust by 0.3% in the third quarter. APG Asset Management US Inc. now owns 8,638,801 shares of the real estate investment trust’s stock worth $1,481,122,000 after buying an additional 23,430 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Up 3.0%
NYSE DLR opened at $188.94 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $66.40 billion, a PE ratio of 49.85, a PEG ratio of 4.99 and a beta of 1.02. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The business’s 50-day moving average is $190.74 and its 200 day moving average is $174.29.
Digital Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.76%.
Wall Street Analysts Forecast Growth
DLR has been the topic of several analyst reports. BMO Capital Markets lifted their price objective on Digital Realty Trust from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Citigroup reiterated an “outperform” rating on shares of Digital Realty Trust in a report on Monday, April 27th. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. TD Cowen lifted their price objective on Digital Realty Trust from $185.00 to $192.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Mizuho lifted their price objective on Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.89.
Read Our Latest Analysis on DLR
About Digital Realty Trust
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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