Integrated Advisors Network LLC raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 742.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,711 shares of the real estate investment trust’s stock after purchasing an additional 14,727 shares during the period. Integrated Advisors Network LLC’s holdings in Digital Realty Trust were worth $3,011,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Bison Wealth LLC raised its stake in Digital Realty Trust by 17.2% during the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 390 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Digital Realty Trust by 9.4% during the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock valued at $972,000 after acquiring an additional 584 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Digital Realty Trust by 23.0% during the second quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock valued at $3,790,000 after acquiring an additional 4,069 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Digital Realty Trust by 3.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock worth $27,469,000 after purchasing an additional 5,909 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in Digital Realty Trust by 0.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock worth $4,816,000 after purchasing an additional 231 shares in the last quarter. 99.71% of the stock is owned by institutional investors.
Digital Realty Trust Trading Up 0.6%
NYSE:DLR opened at $174.71 on Wednesday. The company has a market cap of $61.39 billion, a PE ratio of 46.10, a price-to-earnings-growth ratio of 4.72 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The company has a 50 day simple moving average of $188.86 and a two-hundred day simple moving average of $178.62. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14.
Digital Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.76%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on DLR. Truist Financial raised their price objective on shares of Digital Realty Trust from $208.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Raymond James Financial upped their target price on shares of Digital Realty Trust from $210.00 to $235.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 24th. Barclays increased their price target on shares of Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $211.00 price target on shares of Digital Realty Trust in a research report on Friday, May 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $216.81.
View Our Latest Analysis on Digital Realty Trust
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.
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