PGGM Investments Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

PGGM Investments lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,421 shares of the real estate investment trust's stock after purchasing an additional 88,061 shares during the period. Digital Realty Trust comprises 1.0% of PGGM Investments' investment portfolio, making the stock its 28th biggest position. PGGM Investments owned about 0.12% of Digital Realty Trust worth $72,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Balboa Wealth Partners increased its stake in Digital Realty Trust by 53.1% during the 4th quarter. Balboa Wealth Partners now owns 2,097 shares of the real estate investment trust's stock worth $372,000 after buying an additional 727 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Digital Realty Trust by 1.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 65,522 shares of the real estate investment trust's stock worth $11,546,000 after acquiring an additional 1,161 shares during the last quarter. Vestcor Inc increased its position in shares of Digital Realty Trust by 56.3% during the fourth quarter. Vestcor Inc now owns 61,934 shares of the real estate investment trust's stock worth $10,983,000 after purchasing an additional 22,303 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Digital Realty Trust by 0.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 24,149 shares of the real estate investment trust's stock valued at $4,282,000 after purchasing an additional 80 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in Digital Realty Trust in the 4th quarter valued at $224,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $151.67 on Thursday. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. 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 company has a 50 day moving average price of $166.91 and a 200 day moving average price of $169.95. The stock has a market capitalization of $51.06 billion, a P/E ratio of 93.62, a PEG ratio of 4.38 and a beta of 0.65.

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

Digital Realty Trust Announces Dividend

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 paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.22%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of recent research reports. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $180.11.

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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