Russell Investments Group Ltd. Acquires 253,755 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Russell Investments Group Ltd. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 13.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,118,834 shares of the real estate investment trust’s stock after purchasing an additional 253,755 shares during the period. Digital Realty Trust comprises about 0.5% of Russell Investments Group Ltd.’s holdings, making the stock its 22nd largest holding. Russell Investments Group Ltd.’s holdings in Digital Realty Trust were worth $285,513,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Resolution Capital Ltd lifted its stake in Digital Realty Trust by 106.7% in the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock valued at $284,532,000 after buying an additional 1,213,526 shares during the period. Vanguard Group Inc. grew its holdings in Digital Realty Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after purchasing an additional 971,032 shares during the period. FMR LLC increased its stake in Digital Realty Trust by 4.8% in the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock valued at $1,046,522,000 after purchasing an additional 394,682 shares in the last quarter. Wellington Management Group LLP raised its holdings in Digital Realty Trust by 1,825.0% in the third quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock worth $48,623,000 after purchasing an additional 380,904 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at $34,561,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.9 %

Digital Realty Trust stock traded up $1.34 during midday trading on Friday, reaching $142.83. The stock had a trading volume of 1,798,207 shares, compared to its average volume of 1,403,621. Digital Realty Trust, Inc. has a 12 month low of $86.33 and a 12 month high of $154.18. The company has a market capitalization of $44.60 billion, a P/E ratio of 48.10, a PEG ratio of 3.22 and a beta of 0.54. The company has a fifty day moving average price of $141.81 and a two-hundred day moving average price of $136.68. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s payout ratio is 164.31%.

Analysts Set New Price Targets

DLR has been the topic of several research analyst reports. Barclays raised their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 5th. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 16th. Finally, Scotiabank cut Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target for the company. in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $143.33.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.