Pensionfund Sabic acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 21,447 shares of the real estate investment trust’s stock, valued at approximately $3,318,000. Digital Realty Trust accounts for about 0.9% of Pensionfund Sabic’s investment portfolio, making the stock its 25th largest holding.
Several other large investors have also bought and sold shares of DLR. Pinnacle Bancorp Inc. acquired a new position in Digital Realty Trust during the 3rd quarter worth about $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at about $28,000. Sunbelt Securities Inc. increased its stake in shares of Digital Realty Trust by 347.2% in 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 period. First Horizon Corp bought a new position in shares of Digital Realty Trust during the third quarter worth about $31,000. Finally, Harvest Fund Management Co. Ltd lifted its stake 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 worth $31,000 after acquiring an additional 165 shares during the period. 99.71% of the stock is owned by institutional investors.
Digital Realty Trust Stock Down 1.0%
Shares of Digital Realty Trust stock opened at $174.72 on Wednesday. The stock’s 50-day moving average is $172.71 and its 200 day moving average is $167.49. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $184.79. The firm has a market cap of $60.04 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 3.90 and a beta of 1.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59.
Digital Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $1.22 dividend. The ex-dividend date is Friday, March 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust’s payout ratio is currently 135.56%.
Analyst Upgrades and Downgrades
DLR has been the topic of several analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $210.00 target price on shares of Digital Realty Trust in a report on Thursday, March 12th. Citigroup dropped their price target on shares of Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Mizuho reduced their price objective on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. UBS Group set a $189.00 price objective on shares of Digital Realty Trust in a research report on Wednesday, January 14th. Finally, BMO Capital Markets lifted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.68.
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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