Meiji Yasuda America Inc bought a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 18,390 shares of the real estate investment trust’s stock, valued at approximately $2,845,000.
A number of other institutional investors have also modified their holdings of DLR. Norges Bank purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at about $3,402,995,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Digital Realty Trust by 686.0% during the 3rd 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 valued at $831,123,000 after acquiring an additional 4,195,862 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Digital Realty Trust by 5,759.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,357,805 shares of the real estate investment trust’s stock worth $210,066,000 after buying an additional 1,334,632 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Digital Realty Trust by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock worth $8,394,620,000 after buying an additional 854,828 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in 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 worth $166,159,000 after buying an additional 819,982 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Up 1.1%
Digital Realty Trust stock opened at $182.74 on Friday. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14. The stock’s fifty day simple moving average is $191.46 and its 200-day simple moving average is $175.18. 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 firm has a market capitalization of $64.21 billion, a P/E ratio of 48.22, a P/E/G ratio of 4.91 and a beta of 1.02.
Digital Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.7%. Digital Realty Trust’s dividend payout ratio is currently 128.76%.
Analyst Ratings Changes
Several brokerages have recently weighed in on DLR. Cantor Fitzgerald restated an “overweight” rating and set a $211.00 target price on shares of Digital Realty Trust in a report on Friday, May 1st. TD Cowen lifted their price target on shares of Digital Realty Trust from $185.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Wolfe Research boosted their price objective on Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings upgraded Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.89.
Read Our Latest Analysis on DLR
Digital Realty Trust 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.
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