Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,107,161 shares of the real estate investment trust’s stock, valued at approximately $198,824,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.30% of Digital Realty Trust at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DLR. OneDigital Investment Advisors LLC bought a new position in Digital Realty Trust during the second quarter valued at approximately $339,000. Bell Investment Advisors Inc bought a new stake in Digital Realty Trust in the second quarter worth approximately $31,000. Roman Butler Fullerton & Co. acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth $1,130,000. Simplicity Wealth LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth $308,000. Finally, Flputnam Investment Management Co. bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at $3,657,000. Institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Down 0.9%
DLR stock opened at $198.36 on Tuesday. The stock has a market capitalization of $73.40 billion, a price-to-earnings ratio of 96.29, a price-to-earnings-growth ratio of 5.67 and a beta of 1.03. The company has a 50-day moving average of $186.09 and a two-hundred day moving average of $184.77. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06.
Digital Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s payout ratio is currently 236.89%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Raymond James Financial upped their price objective on shares of Digital Realty Trust from $210.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Friday, April 24th. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a report on Wednesday, August 5th. Sanford C. Bernstein boosted their price target on Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, BTIG Research initiated coverage on Digital Realty Trust in a research note on Friday, July 10th. They issued a “buy” rating and a $215.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $219.13.
View Our Latest Stock 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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