Meeder Advisory Services Inc. purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,434 shares of the real estate investment trust’s stock, valued at approximately $1,515,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. grew its holdings 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 worth $28,000 after purchasing an additional 125 shares during the period. Bell Investment Advisors Inc raised its stake in Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 62 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Digital Realty Trust by 970.6% in 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 bought a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $34,000. Finally, MCF Advisors LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. 99.71% of the stock is owned by institutional investors.
Digital Realty Trust Stock Performance
NYSE:DLR opened at $192.21 on Thursday. The stock has a 50 day simple moving average of $186.53 and a 200 day simple moving average of $185.18. The stock has a market cap of $71.13 billion, a P/E ratio of 93.31, a PEG ratio of 5.53 and a beta of 1.03. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.22 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.5%. Digital Realty Trust’s dividend payout ratio is 236.89%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on DLR. Citizens Jmp increased their price target on Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a research note on Monday, April 27th. Barclays lifted their price objective on shares of Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. BTIG Research assumed coverage on shares of Digital Realty Trust in a research report on Friday, July 10th. They issued a “buy” rating and a $215.00 price objective on the stock. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Cantor Fitzgerald lifted their target price on shares of Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $219.45.
Read Our Latest Stock 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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