Great Lakes Advisors LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,734 shares of the real estate investment trust’s stock, valued at approximately $2,646,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of DLR. Cherry Creek Investment Advisors Inc. grew its holdings in shares of Digital Realty Trust by 0.3% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock worth $3,378,000 after acquiring an additional 51 shares during the period. Columbia Bank raised its holdings in 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 worth $1,111,000 after purchasing an additional 53 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in Digital Realty Trust by 9.1% during the first 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 Digital Realty Trust by 25.7% during the fourth 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. boosted its position 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 in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Digital Realty Trust Stock Performance
NYSE:DLR opened at $194.23 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $71.87 billion, a PE ratio of 94.29, a P/E/G ratio of 5.45 and a beta of 1.03. The firm has a 50 day simple moving average of $186.76 and a 200-day simple moving average of $185.38. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. Digital Realty Trust’s payout ratio is currently 236.89%.
Analyst Ratings Changes
Several equities analysts have weighed in on DLR shares. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. HSBC raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $210.00 to $240.00 in a report on Thursday, August 13th. Raymond James Financial raised their price objective on shares of 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. Evercore restated an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research report on Tuesday. Finally, Mizuho set a $223.00 target price on Digital Realty Trust in a research note on Monday, August 10th. One equities research 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $219.45.
Check Out Our Latest Stock Report on DLR
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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