KLP Kapitalforvaltning AS Takes $25.93 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

KLP Kapitalforvaltning AS purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 145,381 shares of the real estate investment trust's stock, valued at approximately $25,931,000.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. Sierra Ocean LLC acquired a new stake in Digital Realty Trust in the 4th quarter worth $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its stake in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in Digital Realty Trust in the fourth quarter worth $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Truist Financial dropped their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective on the stock in a report on Tuesday, February 18th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Finally, Barclays decreased their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $179.95.

Remove Ads

Digital Realty Trust Stock Down 3.0 %

Shares of NYSE:DLR traded down $4.45 during trading on Thursday, hitting $144.95. 2,706,444 shares of the company were exchanged, compared to its average volume of 1,876,127. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The stock has a market cap of $48.80 billion, a price-to-earnings ratio of 89.48, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average price of $161.53 and a two-hundred day moving average price of $169.97.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

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.