Barclays PLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 90.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,047,177 shares of the real estate investment trust’s stock after buying an additional 496,534 shares during the quarter. Barclays PLC owned approximately 0.30% of Digital Realty Trust worth $181,036,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of DLR. Norges Bank purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $3,808,270,000. Prudential Financial Inc. raised its stake in Digital Realty Trust by 87.0% during the second quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust’s stock worth $253,926,000 after purchasing an additional 677,483 shares during the period. Resolution Capital Ltd boosted its holdings in Digital Realty Trust by 25.2% in the 2nd quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock valued at $517,345,000 after purchasing an additional 596,420 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Digital Realty Trust by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock valued at $9,220,759,000 after buying an additional 513,697 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at approximately $82,337,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Down 2.0%
Digital Realty Trust stock opened at $176.21 on Friday. The company has a market capitalization of $60.55 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 3.90 and a beta of 1.12. 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, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $184.79. The firm has a 50 day moving average price of $167.28 and a 200 day moving average price of $166.38.
Digital Realty Trust Announces Dividend
The company also recently announced 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. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, March 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on DLR. HSBC set a $193.00 price target on shares of Digital Realty Trust and gave the company a “buy” rating in a research report on Thursday, January 15th. Bank of America reissued a “neutral” rating and set a $170.00 target price (down from $210.00) on shares of Digital Realty Trust in a research note on Thursday, January 8th. Sanford C. Bernstein started coverage on Digital Realty Trust in a research report on Thursday. They issued an “outperform” rating and a $218.00 target price on the stock. Jefferies Financial Group upped their price target on Digital Realty Trust from $184.00 to $189.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Scotiabank cut their price objective on Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $193.36.
Read Our Latest Stock 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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