Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 947,788 shares of the real estate investment trust’s stock after buying an additional 58,206 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Digital Realty Trust were worth $146,936,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in Digital Realty Trust in the third quarter valued at about $25,000. Sunbelt Securities Inc. raised its position in 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 purchasing an additional 125 shares during the last quarter. First Horizon Corp bought a new position in Digital Realty Trust in the third quarter valued at about $31,000. Harvest Fund Management Co. Ltd raised its position in 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 purchasing an additional 165 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Digital Realty Trust in the third quarter valued at about $32,000. 99.71% of the stock is currently owned by institutional investors.
Digital Realty Trust Trading Up 1.5%
NYSE DLR opened at $199.62 on Thursday. The business has a 50 day simple moving average of $185.57 and a 200 day simple moving average of $171.18. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The stock has a market capitalization of $70.15 billion, a P/E ratio of 52.67, a P/E/G ratio of 5.35 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.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, March 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 128.76%.
Wall Street Analysts Forecast Growth
Several research firms have commented on DLR. Citizens Jmp increased their target price on Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a research report on Monday, April 27th. Morgan Stanley raised their price objective on Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. TD Cowen raised their price objective on Digital Realty Trust from $185.00 to $192.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.86.
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.
Further Reading
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