Forsta AP Fonden decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,100 shares of the real estate investment trust's stock after selling 2,000 shares during the quarter. Forsta AP Fonden's holdings in Digital Realty Trust were worth $12,076,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of DLR. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock valued at $11,768,000 after purchasing an additional 9,959 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust's stock valued at $61,643,000 after acquiring an additional 23,028 shares during the period. Cumberland Partners Ltd increased its position in Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust's stock worth $7,540,000 after acquiring an additional 31,430 shares during the period. Capital Investment Advisors LLC raised its stake in Digital Realty Trust by 26.4% in the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust's stock worth $9,682,000 after purchasing an additional 11,405 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in Digital Realty Trust by 53.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust's stock valued at $2,937,000 after purchasing an additional 5,788 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
DLR has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and increased their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $180.95.
Read Our Latest Report on Digital Realty Trust
Insider Buying and Selling at Digital Realty Trust
In other Digital Realty Trust 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 transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company's stock.
Digital Realty Trust Trading Down 0.3 %
NYSE:DLR traded down $0.43 on Friday, reaching $163.80. 2,010,622 shares of the stock traded hands, compared to its average volume of 2,216,498. The firm has a market capitalization of $54.33 billion, a price-to-earnings ratio of 137.65, a price-to-earnings-growth ratio of 4.11 and a beta of 0.64. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. 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 company's 50 day moving average is $181.03 and its 200-day moving average is $167.98.
Digital Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued 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 2.98%. Digital Realty Trust's payout ratio is 410.08%.
Digital Realty Trust Profile
(
Free Report)
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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