Swedbank AB Raises Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Swedbank AB raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 308,056 shares of the real estate investment trust's stock after purchasing an additional 40,815 shares during the quarter. Swedbank AB owned 0.09% of Digital Realty Trust worth $54,628,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Adirondack Trust Co. boosted its stake in shares of Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% in the 4th 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 in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Digital Realty Trust during the third quarter valued at approximately $38,000. Finally, First Financial Corp IN bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $42,000. Institutional investors own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were 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 SEC, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Performance

DLR traded up $1.58 on Thursday, reaching $163.31. The stock had a trading volume of 832,442 shares, compared to its average volume of 2,374,269. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month 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 has a market cap of $54.17 billion, a P/E ratio of 137.40, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. The business's 50-day moving average price is $182.02 and its two-hundred day moving average price is $167.93.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, December 13th. Digital Realty Trust's payout ratio is 410.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DLR. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday. Royal Bank of Canada increased their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Jefferies Financial Group upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their target price 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 issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price of $180.95.

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.