Rational Advisors Inc. purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,015 shares of the real estate investment trust’s stock, valued at approximately $721,000.
Other institutional investors also recently modified their holdings of the company. Bison Wealth LLC increased its position in Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 390 shares in the last quarter. Empowered Funds LLC boosted its position in Digital Realty Trust by 9.4% in the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock valued at $972,000 after buying an additional 584 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Digital Realty Trust by 23.0% during the second quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock worth $3,790,000 after buying an additional 4,069 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Digital Realty Trust by 3.9% during the second quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock worth $27,469,000 after buying an additional 5,909 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its holdings in shares of Digital Realty Trust by 0.8% during the second quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock worth $4,816,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Stock Down 3.6%
Shares of DLR opened at $185.26 on Friday. The stock’s 50-day moving average price is $187.16 and its two-hundred day moving average price is $186.24. 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 $68.73 billion, a PE ratio of 89.93, a PEG ratio of 5.26 and a beta of 1.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.6%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.
Analyst Ratings Changes
A number of brokerages have recently commented on DLR. Citigroup reiterated a “market outperform” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Argus upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $229.00 target price on shares of Digital Realty Trust in a report on Monday, July 27th. Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Wednesday, July 15th. Finally, KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a report on Friday, July 24th. One equities research 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 stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $219.45.
Get Our Latest Research 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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