TD Asset Management Inc increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,781 shares of the real estate investment trust’s stock after buying an additional 3,002 shares during the period. TD Asset Management Inc’s holdings in Digital Realty Trust were worth $24,256,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 1.6% during the fourth 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 last quarter. Norges Bank bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $3,402,995,000. Geode Capital Management LLC grew its stake in shares of Digital Realty Trust by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock worth $1,423,373,000 after purchasing an additional 197,180 shares during the last quarter. Bank of America Corp DE increased its holdings in Digital Realty Trust by 6.6% in the third quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock valued at $1,543,914,000 after purchasing an additional 553,907 shares during the period. Finally, APG Asset Management US Inc. raised its position in Digital Realty Trust by 0.3% during the 3rd quarter. APG Asset Management US Inc. now owns 8,638,801 shares of the real estate investment trust’s stock worth $1,481,122,000 after purchasing an additional 23,430 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Digital Realty Trust Stock Up 0.1%
Shares of NYSE:DLR opened at $187.06 on Monday. The company has a market capitalization of $65.73 billion, a price-to-earnings ratio of 49.36, a P/E/G ratio of 5.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50-day moving average is $190.95 and its 200-day moving average is $174.49. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14.
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Digital Realty Trust’s dividend payout ratio is presently 128.76%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Stifel Nicolaus lifted their target price on Digital Realty Trust from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, April 24th. HSBC downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and raised their price objective for the stock from $193.00 to $210.00 in a research report on Monday, April 27th. Barclays lifted their price objective on Digital Realty Trust from $182.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Jefferies Financial Group upped their target price on Digital Realty Trust from $223.00 to $233.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Morgan Stanley raised their price target on shares of Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.89.
Get Our Latest Research 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.
Further Reading
- Five stocks we like better than Digital Realty Trust
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR – Free Report).
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
