O Shaughnessy Asset Management LLC Purchases 1,622 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

O Shaughnessy Asset Management LLC raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,778 shares of the real estate investment trust’s stock after purchasing an additional 1,622 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Digital Realty Trust were worth $2,561,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Alerus Financial NA acquired a new position in Digital Realty Trust during the 1st quarter valued at approximately $7,413,000. Catalytic Wealth RIA LLC increased its position in shares of Digital Realty Trust by 5.1% in the 1st quarter. Catalytic Wealth RIA LLC now owns 2,064 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 100 shares during the period. Nicola Wealth Management LTD. raised its stake in Digital Realty Trust by 9.2% in the 1st quarter. Nicola Wealth Management LTD. now owns 17,352 shares of the real estate investment trust’s stock worth $2,499,000 after acquiring an additional 1,468 shares during the last quarter. Vanguard Group Inc. grew its stake in Digital Realty Trust by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its holdings in shares of Digital Realty Trust by 1.3% in the first quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock valued at $360,858,000 after purchasing an additional 34,516 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DLR. Evercore ISI reaffirmed an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Royal Bank of Canada increased their price target on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $152.30.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock traded down $3.43 on Wednesday, hitting $151.66. 1,563,629 shares of the company were exchanged, compared to its average volume of 1,901,936. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $149.34 and a 200 day moving average price of $144.25. The stock has a market capitalization of $47.38 billion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 11.32 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Digital Realty Trust Profile

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.