Handelsbanken Fonder AB Buys 10,924 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Handelsbanken Fonder AB increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 9.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 132,557 shares of the real estate investment trust’s stock after purchasing an additional 10,924 shares during the period. Handelsbanken Fonder AB’s holdings in Digital Realty Trust were worth $17,840,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its position in shares of Digital Realty Trust by 16.7% in the 3rd quarter. Global Retirement Partners LLC now owns 798 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 114 shares during the period. HB Wealth Management LLC grew its position in shares of Digital Realty Trust by 45.9% in the 3rd quarter. HB Wealth Management LLC now owns 3,209 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 1,010 shares during the period. Montecito Bank & Trust purchased a new stake in shares of Digital Realty Trust in the 3rd quarter worth about $620,000. Advisors Management Group Inc. ADV grew its position in shares of Digital Realty Trust by 3.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 7,077 shares of the real estate investment trust’s stock worth $856,000 after buying an additional 219 shares during the period. Finally, Royal Fund Management LLC grew its position in shares of Digital Realty Trust by 13.9% in the 3rd quarter. Royal Fund Management LLC now owns 27,012 shares of the real estate investment trust’s stock worth $3,269,000 after buying an additional 3,288 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DLR. Royal Bank of Canada reiterated an “outperform” rating and issued a $144.00 price target on shares of Digital Realty Trust in a research note on Friday, February 16th. Evercore ISI reiterated an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Morgan Stanley upped their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Finally, Scotiabank cut shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.33.

Digital Realty Trust Stock Down 0.7 %

Shares of DLR opened at $135.84 on Tuesday. The company has a market cap of $42.42 billion, a PE ratio of 45.74, a P/E/G ratio of 3.11 and a beta of 0.54. The business has a fifty day moving average of $141.92 and a 200 day moving average of $136.30. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.