ArrowMark Colorado Holdings LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 18.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,284 shares of the real estate investment trust’s stock after selling 3,533 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Digital Realty Trust were worth $2,642,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Digital Realty Trust by 1.0% in 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 buying an additional 512,974 shares during the period. Norges Bank purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth about $3,808,270,000. State Street Corp boosted its position in shares of 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 worth $3,557,336,000 after acquiring an additional 376,699 shares during the last quarter. APG Asset Management US Inc. boosted its position in shares of Digital Realty Trust by 0.3% in the third quarter. APG Asset Management US Inc. now owns 8,638,801 shares of the real estate investment trust’s stock worth $1,481,122,000 after acquiring an additional 23,430 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew 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 valued at $1,282,446,000 after purchasing an additional 211,692 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty Trust Trading Down 0.4%
Shares of DLR stock opened at $179.62 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $184.79. The firm’s 50 day moving average price is $169.75 and its two-hundred day moving average price is $166.86. The stock has a market cap of $61.72 billion, a price-to-earnings ratio of 49.90, a price-to-earnings-growth ratio of 3.97 and a beta of 1.12.
Digital Realty Trust Announces Dividend
The business 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 $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, March 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.
Analyst Ratings Changes
Several brokerages recently commented on DLR. UBS Group set a $189.00 price target on shares of Digital Realty Trust in a research report on Wednesday, January 14th. Scotiabank lowered their price objective on shares of Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 14th. The Goldman Sachs Group upped their price objective on Digital Realty Trust from $188.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Barclays raised Digital Realty Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $161.00 to $164.00 in a research report on Tuesday, January 13th. Finally, BMO Capital Markets lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $193.96.
Get 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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