Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,534 shares of the real estate investment trust’s stock after acquiring an additional 440 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Digital Realty Trust were worth $1,014,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Global Retirement Partners LLC raised its stake in shares of Digital Realty Trust by 16.7% during the third quarter. Global Retirement Partners LLC now owns 798 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 114 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Digital Realty Trust during the third quarter worth approximately $575,000. Czech National Bank raised its stake in shares of Digital Realty Trust by 53.4% during the third quarter. Czech National Bank now owns 52,907 shares of the real estate investment trust’s stock worth $6,403,000 after purchasing an additional 18,411 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Digital Realty Trust by 2.3% during the third quarter. Handelsbanken Fonder AB now owns 121,633 shares of the real estate investment trust’s stock worth $14,720,000 after purchasing an additional 2,764 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Digital Realty Trust by 4.4% during the third quarter. Ballentine Partners LLC now owns 5,878 shares of the real estate investment trust’s stock worth $711,000 after purchasing an additional 246 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.0 %

DLR opened at $142.85 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The firm has a market cap of $44.61 billion, a P/E ratio of 48.10, a PEG ratio of 3.22 and a beta of 0.54. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The business’s fifty day simple moving average is $141.81 and its 200 day simple moving average is $136.68.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is 164.31%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the sale, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DLR shares. Truist Financial upped their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Citigroup upped their price target on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Raymond James increased their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Finally, Scotiabank cut Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective for the company. in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $143.33.

About Digital Realty Trust

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.