International Assets Investment Management LLC Buys New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

International Assets Investment Management LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 156,791 shares of the real estate investment trust’s stock, valued at approximately $21,101,000.

Several other hedge funds also recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its stake in shares of Digital Realty Trust by 4.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 121,401 shares of the real estate investment trust’s stock worth $14,692,000 after purchasing an additional 5,396 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Digital Realty Trust by 70.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,811 shares of the real estate investment trust’s stock valued at $2,398,000 after acquiring an additional 8,202 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Digital Realty Trust by 7.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 106,144 shares of the real estate investment trust’s stock valued at $12,846,000 after acquiring an additional 7,215 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Digital Realty Trust by 11.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,170 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 757 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Digital Realty Trust by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,444,510 shares of the real estate investment trust’s stock valued at $295,835,000 after purchasing an additional 32,865 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $147.00 on Friday. The business has a fifty day moving average price of $142.27 and a two-hundred day moving average price of $137.31. The stock has a market capitalization of $45.93 billion, a PE ratio of 40.83, a P/E/G ratio of 3.19 and a beta of 0.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. Digital Realty Trust, Inc. has a fifty-two week low of $86.33 and a fifty-two week high of $154.18.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DLR. Raymond James lifted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Scotiabank lowered Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price on the stock. in a report on Friday, February 16th. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. Finally, TD Cowen upped their price objective on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a report on Friday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $142.65.

Digital Realty Trust Company 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.