Cbre Investment Management Listed Real Assets LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 40.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 248,682 shares of the real estate investment trust’s stock after selling 172,018 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Digital Realty Trust were worth $38,474,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $226,000. Fielder Capital Group LLC increased its stake in Digital Realty Trust by 11.5% in the 4th quarter. Fielder Capital Group LLC now owns 30,362 shares of the real estate investment trust’s stock valued at $4,697,000 after buying an additional 3,129 shares during the last quarter. One Capital Management LLC increased its stake in Digital Realty Trust by 209.1% in the 4th quarter. One Capital Management LLC now owns 34,498 shares of the real estate investment trust’s stock valued at $5,337,000 after buying an additional 23,339 shares during the last quarter. BNP Paribas increased its stake in Digital Realty Trust by 9.1% in the 4th quarter. BNP Paribas now owns 12,751 shares of the real estate investment trust’s stock valued at $1,973,000 after buying an additional 1,066 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in Digital Realty Trust by 10.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 19,703 shares of the real estate investment trust’s stock valued at $3,048,000 after buying an additional 1,794 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Down 2.7%
Shares of NYSE:DLR opened at $184.86 on Tuesday. The firm has a fifty day moving average price of $190.03 and a two-hundred day moving average price of $173.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The company has a market cap of $64.96 billion, a price-to-earnings ratio of 48.77, a PEG ratio of 5.16 and a beta of 1.03.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.76%.
Wall Street Analysts Forecast Growth
DLR has been the subject of several research analyst reports. Morgan Stanley raised their price target on shares of Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Citizens Jmp raised their price target on shares of Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Digital Realty Trust from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein raised their price target on shares of Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.89.
Get Our Latest Analysis 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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