Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 59,920 shares of the real estate investment trust’s stock, valued at approximately $9,270,000.
A number of other institutional investors have also recently modified their holdings of DLR. Norges Bank bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $3,402,995,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after acquiring an additional 4,195,862 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Digital Realty Trust by 5,759.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,357,805 shares of the real estate investment trust’s stock valued at $210,066,000 after acquiring an additional 1,334,632 shares during the period. Vanguard Group Inc. lifted its position in shares of Digital Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock valued at $8,394,620,000 after acquiring an additional 854,828 shares during the period. Finally, Alyeska Investment Group L.P. lifted its position in shares of Digital Realty Trust by 581.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock valued at $166,159,000 after acquiring an additional 819,982 shares during the period. 99.71% of the stock is currently owned by institutional investors.
Digital Realty Trust Price Performance
Digital Realty Trust stock opened at $187.06 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. The stock has a market capitalization of $65.73 billion, a P/E ratio of 49.36, a price-to-earnings-growth ratio of 5.08 and a beta of 1.03. The stock has a fifty day moving average of $190.95 and a 200-day moving average of $174.49.
Digital Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio is presently 128.76%.
Analyst Upgrades and Downgrades
DLR has been the subject of a number of recent analyst reports. Mizuho upped their target price on Digital Realty Trust from $180.00 to $217.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Sanford C. Bernstein upped their target price on Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. TD Cowen upped their target price on Digital Realty Trust from $185.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Truist Financial reissued a “buy” rating and set a $208.00 price target (up from $207.00) on shares of Digital Realty Trust in a report on Thursday, May 14th. Finally, Wolfe Research boosted their price target on Digital Realty Trust from $194.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.89.
Check Out Our Latest Stock Report 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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