FJ Capital Management LLC acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,391 shares of the real estate investment trust’s stock, valued at approximately $834,000.
Several other hedge funds have also recently made changes to their positions in the stock. Focus Partners Wealth raised its holdings in shares of Digital Realty Trust by 28.7% during the fourth quarter. Focus Partners Wealth now owns 240,342 shares of the real estate investment trust’s stock valued at $39,840,000 after purchasing an additional 53,562 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Digital Realty Trust by 271.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 692,764 shares of the real estate investment trust’s stock valued at $107,178,000 after purchasing an additional 506,073 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Digital Realty Trust by 2.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 88,859 shares of the real estate investment trust’s stock valued at $13,747,000 after purchasing an additional 1,910 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Digital Realty Trust by 7.2% during the fourth quarter. Kestra Advisory Services LLC now owns 36,283 shares of the real estate investment trust’s stock valued at $5,613,000 after purchasing an additional 2,432 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of Digital Realty Trust by 7.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 4,940 shares of the real estate investment trust’s stock valued at $764,000 after purchasing an additional 327 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Stock Up 0.8%
Shares of DLR stock opened at $184.22 on Friday. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The stock has a market cap of $64.74 billion, a P/E ratio of 48.61, a P/E/G ratio of 5.01 and a beta of 1.02. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The company has a 50 day simple moving average of $191.54 and a two-hundred day simple moving average of $175.24.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. Digital Realty Trust’s dividend payout ratio is 128.76%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on DLR shares. Wolfe Research boosted their price objective on shares of Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, April 6th. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, April 27th. BMO Capital Markets boosted their price objective on shares of Digital Realty Trust from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, UBS Group upped their target price on shares of Digital Realty Trust from $225.00 to $227.00 and gave the company a “buy” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $215.89.
Read Our Latest Research 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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