UBS Group AG increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 19.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,569,864 shares of the real estate investment trust’s stock after purchasing an additional 422,206 shares during the quarter. UBS Group AG owned approximately 0.75% of Digital Realty Trust worth $444,278,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in Digital Realty Trust during the 3rd quarter worth about $25,000. South Plains Financial Inc. raised its position in shares of Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 115 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Digital Realty Trust during the third quarter worth about $28,000. Tobam acquired a new position in shares of Digital Realty Trust in the second quarter worth approximately $28,000. Finally, First Horizon Corp bought a new stake in Digital Realty Trust in the third quarter valued at approximately $31,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Digital Realty Trust Trading Down 0.2%
DLR traded down $0.32 during trading on Friday, hitting $180.09. The company’s stock had a trading volume of 272,598 shares, compared to its average volume of 2,083,957. The firm has a market capitalization of $61.88 billion, a P/E ratio of 50.00, a PEG ratio of 4.00 and a beta of 1.12. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $184.79. The stock’s fifty day moving average price is $169.26 and its 200-day moving average price is $166.79. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. Digital Realty Trust’s payout ratio is 135.56%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Moffett Nathanson increased their target price on shares of Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Digital Realty Trust in a research report on Monday, January 5th. They issued a “buy” rating and a $180.00 price target on the stock. Sanford C. Bernstein assumed coverage on shares of Digital Realty Trust in a research report on Thursday, March 5th. They set an “outperform” rating and a $218.00 price objective for the company. Truist Financial lifted their target price on shares of Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $193.96.
Check Out Our Latest Stock Report 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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