SG Americas Securities LLC lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 3,200.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 291,306 shares of the real estate investment trust’s stock after acquiring an additional 282,480 shares during the period. SG Americas Securities LLC’s holdings in Digital Realty Trust were worth $45,068,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Digital Realty Trust in the second quarter valued at $3,808,270,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Digital Realty Trust by 686.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock worth $831,123,000 after purchasing an additional 4,195,862 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Digital Realty Trust by 581.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock valued at $166,159,000 after purchasing an additional 819,982 shares during the last quarter. Resolution Capital Ltd lifted its holdings in shares of Digital Realty Trust by 25.2% in the 2nd quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock valued at $517,345,000 after purchasing an additional 596,420 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Digital Realty Trust by 6.6% in the 3rd quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock valued at $1,543,914,000 after purchasing an additional 553,907 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Trading Down 1.0%
NYSE:DLR opened at $174.72 on Wednesday. The firm has a market cap of $60.04 billion, a P/E ratio of 48.53, a PEG ratio of 3.90 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. The stock’s 50 day simple moving average is $172.71 and its 200-day simple moving average is $167.49. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $184.79.
Digital Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, March 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.
Wall Street Analysts Forecast Growth
DLR has been the topic of several research analyst reports. Truist Financial lifted their price target on Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Moffett Nathanson increased their price objective on Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Stifel Nicolaus lowered their target price on shares of Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $210.00 target price on shares of Digital Realty Trust in a report on Thursday, March 12th. Finally, Sanford C. Bernstein started coverage on shares of Digital Realty Trust in a research note on Thursday, March 5th. They set an “outperform” rating and a $218.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.68.
Get Our Latest Stock Report 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
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