Resona Asset Management Co. Ltd. Has $33.56 Million Position in Digital Realty Trust, Inc. $DLR

Resona Asset Management Co. Ltd. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,499 shares of the real estate investment trust’s stock after acquiring an additional 12,847 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Digital Realty Trust were worth $33,560,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in shares of Digital Realty Trust during the third quarter worth $25,000. South Plains Financial Inc. raised its stake in Digital Realty Trust by 280.5% during the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 115 shares during the period. Tobam bought a new position in Digital Realty Trust during the second quarter worth about $28,000. Salomon & Ludwin LLC bought a new stake in shares of Digital Realty Trust in the third quarter worth about $28,000. Finally, First Horizon Corp acquired a new stake in shares of Digital Realty Trust during the third quarter worth about $31,000. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DLR. Moffett Nathanson boosted their price objective on Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Bank of America reiterated a “neutral” rating and issued a $170.00 price target (down previously from $210.00) on shares of Digital Realty Trust in a report on Thursday, January 8th. Truist Financial raised their price objective on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Hsbc Global Res raised shares of Digital Realty Trust from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group began coverage on Digital Realty Trust in a report on Thursday, December 18th. They set a “buy” rating and a $188.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.22.

Digital Realty Trust Stock Up 0.4%

Digital Realty Trust stock opened at $159.27 on Friday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $184.65. The company has a fifty day simple moving average of $157.21 and a 200 day simple moving average of $166.20. The company has a market cap of $54.71 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 3.70 and a beta of 1.11.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The company had revenue of $1.58 billion during the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.1%. Digital Realty Trust’s payout ratio is 126.10%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

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.