GAMMA Investing LLC Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

GAMMA Investing LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,456 shares of the real estate investment trust’s stock, valued at approximately $345,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after purchasing an additional 971,032 shares during the last quarter. FMR LLC boosted its stake in Digital Realty Trust by 4.8% during the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock worth $1,046,522,000 after acquiring an additional 394,682 shares in the last quarter. Morgan Stanley boosted its stake in Digital Realty Trust by 6.8% during the third quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock worth $535,658,000 after acquiring an additional 282,825 shares in the last quarter. Northern Trust Corp boosted its stake in Digital Realty Trust by 4.3% during the third quarter. Northern Trust Corp now owns 3,887,691 shares of the real estate investment trust’s stock worth $470,488,000 after acquiring an additional 160,730 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Digital Realty Trust by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,151,172 shares of the real estate investment trust’s stock worth $381,355,000 after acquiring an additional 180,869 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

NYSE DLR opened at $140.61 on Thursday. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The company has a 50-day simple moving average of $141.82 and a 200 day simple moving average of $136.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $43.91 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.47%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 164.31%.

Analyst Ratings Changes

Several brokerages recently issued reports on DLR. Evercore ISI reissued an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Morgan Stanley increased their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Raymond James upped their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Finally, Citigroup upped their price objective on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and a consensus target price of $143.33.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

About Digital Realty Trust

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.