Massachusetts Financial Services Co. MA Has $262.33 Million Stock Position in Digital Realty Trust, Inc. $DLR

Massachusetts Financial Services Co. MA raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,517,381 shares of the real estate investment trust’s stock after acquiring an additional 133,424 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Digital Realty Trust were worth $262,325,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DLR. Pinnacle Bancorp Inc. acquired a new position in shares of Digital Realty Trust during the third quarter valued at about $25,000. South Plains Financial Inc. boosted its stake in Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 115 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $28,000. Tobam purchased a new position in shares of Digital Realty Trust in the second quarter worth $28,000. Finally, First Horizon Corp bought a new position in shares of Digital Realty Trust during the third quarter valued at approximately $31,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 1.9%

NYSE:DLR opened at $163.66 on Tuesday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 3.83 and a beta of 1.11. The stock has a fifty day simple moving average of $157.45 and a 200 day simple moving average of $166.51.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The business had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DLR shares. UBS Group set a $189.00 price target on shares of Digital Realty Trust in a research report on Wednesday, January 14th. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Jefferies Financial Group cut their price target on Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Finally, Morgan Stanley began coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $193.22.

Insider Activity at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

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.