Leonteq Securities AG acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 6,241 shares of the real estate investment trust’s stock, valued at approximately $966,000.
Several other institutional investors and hedge funds also recently bought and sold shares of DLR. Sunbelt Securities Inc. lifted its position in shares of Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 165 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Digital Realty Trust during the third quarter worth $34,000. Salomon & Ludwin LLC lifted its position in shares of Digital Realty Trust by 63.5% during the fourth quarter. Salomon & Ludwin LLC now owns 255 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 99 shares during the last quarter. Finally, Colonial Trust Co SC lifted its position in shares of Digital Realty Trust by 43.0% during the third quarter. Colonial Trust Co SC now owns 236 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 71 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Stock Performance
DLR stock opened at $194.12 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. The business has a 50-day moving average price of $188.52 and a 200 day moving average price of $172.65. The company has a market capitalization of $68.22 billion, a P/E ratio of 51.22, a PEG ratio of 5.18 and a beta of 1.06. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14.
Digital Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Digital Realty Trust’s payout ratio is 128.76%.
Analyst Upgrades and Downgrades
DLR has been the subject of several research analyst reports. Sanford C. Bernstein lifted their target price on Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wolfe Research lifted their target price on Digital Realty Trust from $194.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Citizens Jmp lifted their target price on Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a research report on Monday, April 27th. HSBC downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and lifted their target price for the stock from $193.00 to $210.00 in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.89.
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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