Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,615,123 shares of the real estate investment trust's stock after buying an additional 40,491 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.49% of Digital Realty Trust worth $261,375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DLR. Empowered Funds LLC grew its holdings in Digital Realty Trust by 21.8% in the 1st quarter. Empowered Funds LLC now owns 4,607 shares of the real estate investment trust's stock valued at $664,000 after buying an additional 826 shares during the period. ProShare Advisors LLC grew its holdings in Digital Realty Trust by 2.1% in the first quarter. ProShare Advisors LLC now owns 52,521 shares of the real estate investment trust's stock valued at $7,565,000 after purchasing an additional 1,056 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Digital Realty Trust by 170.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,782 shares of the real estate investment trust's stock worth $44,477,000 after purchasing an additional 194,800 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Digital Realty Trust by 0.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 334,144 shares of the real estate investment trust's stock worth $48,130,000 after purchasing an additional 2,194 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Digital Realty Trust by 12.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 537,196 shares of the real estate investment trust's stock valued at $77,378,000 after purchasing an additional 58,680 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a "buy" rating and issued a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Barclays raised their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, October 10th. Evercore ISI increased their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Argus lowered Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Finally, Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $169.47.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded down $2.66 during trading hours on Wednesday, hitting $178.13. 1,826,585 shares of the company's stock traded hands, compared to its average volume of 1,858,478. The company has a market cap of $59.09 billion, a price-to-earnings ratio of 151.36, a price-to-earnings-growth ratio of 4.80 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company's fifty day simple moving average is $164.79 and its two-hundred day simple moving average is $154.18.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $1.62 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. Digital Realty Trust's dividend payout ratio is 410.08%.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.