Prudential PLC Buys 3,262 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Prudential PLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 41.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,099 shares of the real estate investment trust’s stock after purchasing an additional 3,262 shares during the quarter. Prudential PLC’s holdings in Digital Realty Trust were worth $1,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DLR. Pinebridge Investments L.P. bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $3,167,000. American International Group Inc. raised its position in Digital Realty Trust by 1.0% in the 4th quarter. American International Group Inc. now owns 81,708 shares of the real estate investment trust’s stock valued at $10,996,000 after purchasing an additional 830 shares during the last quarter. Cibc World Markets Corp boosted its stake in Digital Realty Trust by 734.9% in the fourth quarter. Cibc World Markets Corp now owns 139,496 shares of the real estate investment trust’s stock worth $18,773,000 after purchasing an additional 122,788 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Digital Realty Trust by 1.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 44,089 shares of the real estate investment trust’s stock worth $5,933,000 after purchasing an additional 609 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Digital Realty Trust by 29.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 18,619 shares of the real estate investment trust’s stock valued at $2,506,000 after buying an additional 4,235 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 1.9 %

NYSE:DLR opened at $149.12 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a twelve month low of $102.54 and a twelve month high of $154.18. The company has a market cap of $46.59 billion, a P/E ratio of 41.42 and a beta of 0.57. The business has a 50 day moving average price of $142.24 and a two-hundred day moving average price of $140.51.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.27%. Digital Realty Trust’s payout ratio is currently 135.56%.

Analysts Set New Price Targets

A number of equities research analysts have commented on DLR shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Morgan Stanley increased their price objective on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Evercore ISI restated an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Finally, TD Cowen raised their price target on Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $144.65.

Check Out Our Latest Analysis on Digital Realty Trust

Digital Realty Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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