Osmosis Investment Management UK Ltd bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,380 shares of the real estate investment trust’s stock, valued at approximately $1,864,000.
Several other hedge funds also recently modified their holdings of DLR. Sunbelt Securities Inc. raised its position 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 last quarter. Gables Capital Management Inc. acquired a new stake in Digital Realty Trust during the second quarter worth approximately $29,000. Bell Investment Advisors Inc grew its stake in Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 62 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in Digital Realty Trust by 970.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 165 shares during the last quarter. Finally, Solstein Capital LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at $32,000. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Stock Down 1.1%
Shares of DLR opened at $188.52 on Tuesday. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The company’s fifty day moving average is $186.97 and its two-hundred day moving average is $185.72. The firm has a market cap of $69.94 billion, a PE ratio of 91.51, a price-to-earnings-growth ratio of 5.40 and a beta of 1.03. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 236.89%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on DLR. Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Wednesday, July 15th. Weiss Ratings lowered Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada raised their price target on Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Scotiabank lifted their price target on Digital Realty Trust from $195.00 to $222.00 and gave the company an “outperform” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $219.45.
Check Out Our Latest Stock Analysis on DLR
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.
Further Reading
- Five stocks we like better than Digital Realty Trust
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR – Free Report).
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
