Czech National Bank boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,022 shares of the real estate investment trust’s stock after acquiring an additional 6,070 shares during the quarter. Czech National Bank’s holdings in Digital Realty Trust were worth $16,884,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of Digital Realty Trust by 3.6% during the 4th 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. Norges Bank bought a new position in Digital Realty Trust during the fourth quarter worth $3,402,995,000. Legal & General Group Plc increased its holdings in shares of Digital Realty Trust by 5.9% in the fourth quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust’s stock valued at $619,956,000 after purchasing an additional 224,688 shares during the last quarter. Pacific Heights Asset Management LLC raised its position in shares of Digital Realty Trust by 20.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust’s stock valued at $23,206,000 after purchasing an additional 25,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $21,224,000. Institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Performance
NYSE DLR opened at $193.75 on Friday. The firm has a 50-day moving average price of $184.88 and a two-hundred day moving average price of $183.14. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a market capitalization of $71.70 billion, a P/E ratio of 94.05, a P/E/G ratio of 5.49 and a beta of 1.03. The company has a quick ratio of 1.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.68.
Digital Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 annualized dividend and a yield of 2.5%. Digital Realty Trust’s payout ratio is currently 236.89%.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Jefferies Financial Group raised their price objective on shares of Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Barclays upped their target price on Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Raymond James Financial increased their target price on Digital Realty Trust from $210.00 to $235.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 24th. Finally, Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.97.
Read Our Latest Stock Report on Digital Realty Trust
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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