Kingdom Financial Group LLC. purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,571 shares of the real estate investment trust’s stock, valued at approximately $552,000.
Several other institutional investors also recently modified their holdings of the business. Sunbelt Securities Inc. raised its stake 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 valued at $28,000 after buying an additional 125 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake 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 valued at $31,000 after buying an additional 165 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Digital Realty Trust during the third quarter valued at $34,000. Colonial Trust Co SC raised its stake 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 valued at $41,000 after buying an additional 71 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in Digital Realty Trust during the third quarter valued at $44,000. 99.71% of the stock is currently owned by institutional investors.
Digital Realty Trust Price Performance
Shares of NYSE:DLR opened at $194.12 on Friday. The company has a market capitalization of $68.22 billion, a P/E ratio of 51.22, a P/E/G ratio of 5.18 and a beta of 1.06. 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 firm’s 50 day simple moving average is $188.52 and its two-hundred day simple moving average is $172.65. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.76%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on DLR shares. HSBC downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating and upped their target price for the stock from $193.00 to $210.00 in a research note on Monday, April 27th. Barclays upped their target price on shares of 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 shares of Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price objective on Digital Realty Trust from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.89.
Check Out Our Latest Analysis on Digital Realty Trust
Digital Realty Trust Company 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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