Lasalle Investment Management Securities LLC lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 403,427 shares of the real estate investment trust’s stock after selling 111,283 shares during the quarter. Digital Realty Trust makes up approximately 2.5% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 17th biggest holding. Lasalle Investment Management Securities LLC’s holdings in Digital Realty Trust were worth $62,414,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in Digital Realty Trust by 3.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust’s stock worth $92,557,000 after acquiring an additional 20,735 shares during the last quarter. MUFG Securities EMEA plc boosted its position in Digital Realty Trust by 1,659.1% during the fourth quarter. MUFG Securities EMEA plc now owns 107,937 shares of the real estate investment trust’s stock worth $16,699,000 after acquiring an additional 101,801 shares during the last quarter. Texas Yale Capital Corp. boosted its position in Digital Realty Trust by 6.5% during the fourth quarter. Texas Yale Capital Corp. now owns 29,748 shares of the real estate investment trust’s stock worth $4,602,000 after acquiring an additional 1,815 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Digital Realty Trust by 85.2% during the fourth quarter. BNP Paribas Financial Markets now owns 882,003 shares of the real estate investment trust’s stock worth $136,455,000 after acquiring an additional 405,683 shares during the last quarter. Finally, Holderness Investments Co. boosted its position in Digital Realty Trust by 7.1% during the fourth quarter. Holderness Investments Co. now owns 2,387 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 158 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Stock Performance
Shares of DLR stock opened at $189.94 on Monday. The company’s fifty day simple moving average is $189.93 and its 200-day simple moving average is $173.61. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The company has a market cap of $66.75 billion, a PE ratio of 50.12, a P/E/G ratio of 5.16 and a beta of 1.03.
Digital Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid 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 of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on DLR. BNP Paribas Exane raised their target price on shares of Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Morgan Stanley raised their target price on shares of Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Wolfe Research raised their target price on shares of Digital Realty Trust from $194.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Sanford C. Bernstein raised their target price on shares of Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, TD Cowen increased their price target on shares of Digital Realty Trust from $185.00 to $192.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.89.
Check Out Our Latest Stock Analysis on DLR
About Digital Realty Trust
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.
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