Natural Investments LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,754 shares of the real estate investment trust’s stock, valued at approximately $488,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc grew its holdings in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Price Performance
NYSE:DLR opened at $146.98 on Wednesday. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The stock has a market cap of $49.48 billion, a PE ratio of 90.73, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock has a 50 day moving average price of $167.42 and a 200 day moving average price of $170.08.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.32%. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.
Wall Street Analyst Weigh In
DLR has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Stifel Nicolaus raised their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $180.11.
View Our Latest Research Report on DLR
Insider Transactions at Digital Realty Trust
In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.
Digital Realty Trust Company Profile
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.
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