Union Bancaire Privee UBP SA purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,250 shares of the real estate investment trust’s stock, valued at approximately $503,000.
A number of other hedge funds have also modified their holdings of DLR. Pinnacle Bancorp Inc. purchased a new stake in shares of Digital Realty Trust in the third quarter worth $25,000. South Plains Financial Inc. lifted its stake in shares of Digital Realty Trust by 280.5% during the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 115 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Digital Realty Trust in the 3rd quarter worth $28,000. Sunbelt Securities Inc. boosted its holdings in Digital Realty Trust by 347.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 125 shares during the period. Finally, First Horizon Corp purchased a new stake in Digital Realty Trust in the 3rd quarter worth $31,000. 99.71% of the stock is currently owned by institutional investors.
Digital Realty Trust Stock Down 3.7%
DLR opened at $173.17 on Friday. The company has a market capitalization of $59.50 billion, a PE ratio of 48.10, a price-to-earnings-growth ratio of 3.83 and a beta of 1.12. The firm has a 50-day simple moving average of $172.05 and a two-hundred day simple moving average of $167.27. 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, Inc. has a 52 week low of $129.95 and a 52 week high of $184.79.
Digital Realty Trust Dividend Announcement
The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s payout ratio is presently 135.56%.
Wall Street Analyst Weigh In
A number of research firms have commented on DLR. Stifel Nicolaus decreased their price target on Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Weiss Ratings upgraded Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. UBS Group set a $189.00 target price on Digital Realty Trust in a research note on Wednesday, January 14th. Citigroup lowered their price target on Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $210.00 price target on shares of Digital Realty Trust in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $194.68.
Get Our Latest Research Report on DLR
Digital Realty Trust Company 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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