Aew Capital Management L P decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 655,925 shares of the real estate investment trust’s stock after selling 127,250 shares during the period. Digital Realty Trust accounts for 6.3% of Aew Capital Management L P’s holdings, making the stock its 7th biggest position. Aew Capital Management L P owned 0.19% of Digital Realty Trust worth $113,396,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of DLR. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 53,405,531 shares of the real estate investment trust’s stock valued at $9,232,748,000 after purchasing an additional 512,974 shares during the last quarter. Norges Bank acquired a new position in Digital Realty Trust during the 2nd quarter valued at about $3,808,270,000. State Street Corp raised its stake in Digital Realty Trust by 1.9% in the second quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust’s stock valued at $3,557,336,000 after buying an additional 376,699 shares during the last quarter. Geode Capital Management LLC raised its stake in Digital Realty Trust by 2.3% in the second quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock valued at $1,536,795,000 after buying an additional 196,579 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Digital Realty Trust by 3.0% in the second quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock worth $1,282,446,000 after acquiring an additional 211,692 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Price Performance
Shares of DLR opened at $178.19 on Wednesday. The business’s 50-day moving average is $163.04 and its two-hundred day moving average is $165.74. The company has a market capitalization of $61.23 billion, a P/E ratio of 49.50, a P/E/G ratio of 3.89 and a beta of 1.12. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 1.59.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio is 135.56%.
Insider Transactions at Digital Realty Trust
In related news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth
DLR has been the subject of a number of research analyst reports. Mizuho decreased their price target on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Truist Financial raised their target price on Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. BMO Capital Markets boosted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. KeyCorp reissued a “sector weight” rating on shares of Digital Realty Trust in a report on Thursday, January 29th. Finally, Jefferies Financial Group lifted their target price on Digital Realty Trust from $184.00 to $189.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.33.
View Our Latest Research Report on Digital Realty Trust
Digital Realty Trust Profile
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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