Nilsine Partners LLC Has $317,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Nilsine Partners LLC lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,790 shares of the real estate investment trust’s stock after acquiring an additional 174 shares during the period. Nilsine Partners LLC’s holdings in Digital Realty Trust were worth $317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its holdings in Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after acquiring an additional 117,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after purchasing an additional 3,607,802 shares during the period. abrdn plc lifted its position in shares of Digital Realty Trust by 17.3% during the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock worth $315,999,000 after purchasing an additional 288,772 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after purchasing an additional 1,838,278 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Digital Realty Trust by 2.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock valued at $261,375,000 after buying an additional 40,491 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $162.12 on Thursday. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a 50 day moving average of $182.49 and a 200-day moving average of $167.98. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $53.78 billion, a price-to-earnings ratio of 136.23, a PEG ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 3.01%. Digital Realty Trust’s payout ratio is 410.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DLR. Scotiabank upped their price target on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the company from $124.00 to $160.00 in a report on Friday, October 4th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Raymond James boosted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Insiders Place Their Bets

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.