American Century Companies Inc. Has $106.35 Million Stake in Digital Realty Trust, Inc. $DLR

American Century Companies Inc. increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 70.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 610,066 shares of the real estate investment trust’s stock after buying an additional 253,164 shares during the period. American Century Companies Inc. owned 0.18% of Digital Realty Trust worth $106,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust during the 1st quarter worth $26,000. Tobam bought a new stake in Digital Realty Trust in the second quarter worth $28,000. WPG Advisers LLC bought a new stake in Digital Realty Trust in the first quarter worth $30,000. 1 North Wealth Services LLC acquired a new position in Digital Realty Trust during the first quarter worth $31,000. Finally, AdvisorShares Investments LLC bought a new position in Digital Realty Trust during the second quarter valued at about $32,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of several recent analyst reports. Daiwa Capital Markets started coverage on Digital Realty Trust in a research note on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price target for the company. Citigroup boosted their target price on Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Moffett Nathanson increased their price target on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Finally, Morgan Stanley assumed coverage on shares of Digital Realty Trust in a report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.14.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Down 1.1%

DLR stock opened at $157.22 on Wednesday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The company has a market cap of $54.00 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The business’s 50-day simple moving average is $169.66 and its 200 day simple moving average is $170.82.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion during the quarter. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

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.