US Bancorp DE Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

US Bancorp DE boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,557 shares of the real estate investment trust’s stock after purchasing an additional 801 shares during the period. US Bancorp DE owned about 0.07% of Digital Realty Trust worth $28,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DLR. Operose Advisors LLC bought a new position in shares of Digital Realty Trust during the third quarter valued at approximately $27,000. Baldwin Brothers LLC MA raised its stake in Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 185 shares in the last quarter. Bfsg LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Digital Realty Trust in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DLR shares. Truist Financial upped their target price on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Morgan Stanley raised their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Barclays boosted their price target on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Raymond James raised their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Finally, UBS Group increased their target price on Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $142.65.

Digital Realty Trust Price Performance

NYSE:DLR traded up $0.52 during trading hours on Friday, hitting $142.77. 1,122,255 shares of the stock traded hands, compared to its average volume of 2,570,588. The company has a market cap of $44.61 billion, a price-to-earnings ratio of 39.66 and a beta of 0.55. Digital Realty Trust, Inc. has a 1 year low of $88.88 and a 1 year high of $154.18. The stock has a 50 day moving average price of $141.41 and a 200 day moving average price of $139.46. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. Digital Realty Trust’s payout ratio is presently 135.56%.

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were 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 legal filing with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

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.