Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,124 shares of the real estate investment trust’s stock, valued at approximately $483,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 165 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Digital Realty Trust during the third quarter worth $34,000. Salomon & Ludwin LLC raised its position in Digital Realty Trust by 63.5% during the fourth quarter. Salomon & Ludwin LLC now owns 255 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 99 shares in the last quarter. Finally, Colonial Trust Co SC raised its position in Digital Realty Trust by 43.0% during the third quarter. Colonial Trust Co SC now owns 236 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 71 shares in the last quarter. 99.71% of the stock is owned by institutional investors.
Digital Realty Trust Price Performance
Shares of DLR opened at $192.14 on Friday. The firm has a market capitalization of $67.52 billion, a PE ratio of 50.70, a PEG ratio of 5.28 and a beta of 1.06. The company’s 50-day moving average is $188.75 and its 200-day moving average is $172.79. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59.
Digital Realty Trust Announces Dividend
The firm also recently declared 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 is Monday, June 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.5%. Digital Realty Trust’s dividend payout ratio is 128.76%.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Raymond James Financial upped their price target on shares of Digital Realty Trust from $210.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 24th. Jefferies Financial Group upped their price target on shares of Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup reissued an “outperform” rating on shares of Digital Realty Trust in a research report on Monday, April 27th. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Truist Financial reissued a “buy” rating and issued a $208.00 price objective (up from $207.00) on shares of Digital Realty Trust in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $215.89.
Check Out Our Latest Analysis on DLR
Digital Realty Trust 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.
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