IFM Investors Pty Ltd lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 2.6% during the first quarter, Holdings Channel.com reports. The firm owned 127,397 shares of the real estate investment trust’s stock after buying an additional 3,177 shares during the quarter. IFM Investors Pty Ltd’s holdings in Digital Realty Trust were worth $22,958,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Bison Wealth LLC grew its holdings in Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 390 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of 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 worth $972,000 after buying an additional 584 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Digital Realty Trust by 23.0% in 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 acquiring an additional 4,069 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Digital Realty Trust by 3.9% in the second quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock valued at $27,469,000 after acquiring an additional 5,909 shares during the period. Finally, Peapack Gladstone Financial Corp grew its stake in shares of Digital Realty Trust by 0.8% in the second quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock valued at $4,816,000 after acquiring an additional 231 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Trading Down 5.9%
DLR opened at $179.40 on Wednesday. The stock has a market capitalization of $63.04 billion, a price-to-earnings ratio of 47.33, a P/E/G ratio of 5.18 and a beta of 1.02. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14. The company has a 50-day simple moving average of $191.55 and a 200 day simple moving average of $177.86.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 128.76%.
Wall Street Analysts Forecast Growth
DLR has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $215.00 price objective on shares of Digital Realty Trust in a research note on Friday, April 24th. Citigroup restated an “outperform” rating on shares of Digital Realty Trust in a research report on Monday, April 27th. Jefferies Financial Group lifted their price target on shares of Digital Realty Trust from $223.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wolfe Research boosted their price target on Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Digital Realty Trust from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. One 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.52.
View Our Latest Report on Digital Realty Trust
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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