Roman Butler Fullerton & Co. acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,349 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cherry Creek Investment Advisors Inc. lifted its position in Digital Realty Trust by 0.3% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after acquiring an additional 51 shares during the period. Columbia Bank lifted its holdings in shares of Digital Realty Trust by 0.9% during the first quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock valued at $1,111,000 after purchasing an additional 53 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Digital Realty Trust by 9.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 55 shares in the last quarter. South Plains Financial Inc. boosted its position in shares of Digital Realty Trust by 25.7% in the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 56 shares in the last quarter. Finally, Twin Capital Management Inc. grew its stake in shares of Digital Realty Trust by 1.1% in the 1st quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust’s stock worth $1,012,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Price Performance
DLR opened at $200.07 on Monday. The company’s 50-day simple moving average is $185.78 and its two-hundred day simple moving average is $184.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $74.03 billion, a P/E ratio of 97.12, a P/E/G ratio of 5.67 and a beta of 1.03. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14.
Digital Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 236.89%.
Wall Street Analyst Weigh In
DLR has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on Digital Realty Trust from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a report on Wednesday, August 5th. BNP Paribas Exane lifted their price target on Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Evercore boosted their price objective on shares of Digital Realty Trust from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $219.13.
Check Out Our Latest Research Report on Digital Realty Trust
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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