7,534 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Duality Advisers LP

Duality Advisers LP acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, HoldingsChannel reports. The firm acquired 7,534 shares of the real estate investment trust’s stock, valued at approximately $1,014,000.

Other hedge funds have also made changes to their positions in the company. Cetera Trust Company N.A acquired a new position in Digital Realty Trust during the fourth quarter worth about $306,000. Nikulski Financial Inc. purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $805,000. Handelsbanken Fonder AB increased its holdings in shares of Digital Realty Trust by 9.0% in the fourth quarter. Handelsbanken Fonder AB now owns 132,557 shares of the real estate investment trust’s stock valued at $17,840,000 after purchasing an additional 10,924 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Digital Realty Trust by 2.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 96,954 shares of the real estate investment trust’s stock worth $13,048,000 after buying an additional 2,341 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Digital Realty Trust by 12.9% during the fourth quarter. Signaturefd LLC now owns 3,486 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 398 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial lifted their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Citigroup increased their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Morgan Stanley raised their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Finally, Raymond James increased their price target on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and a consensus target price of $143.33.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is owned by company insiders.

Digital Realty Trust Trading Up 2.0 %

NYSE DLR opened at $138.51 on Wednesday. The company has a market cap of $43.26 billion, a P/E ratio of 46.64, a P/E/G ratio of 3.09 and a beta of 0.54. Digital Realty Trust, Inc. has a 12 month low of $86.33 and a 12 month high of $154.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50-day moving average of $141.85 and a 200-day moving average of $136.45.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

About Digital Realty Trust

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.