Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in Digital Realty Trust, Inc. $DLR

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 147,253 shares of the real estate investment trust’s stock after acquiring an additional 4,865 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Digital Realty Trust were worth $25,457,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Bison Wealth LLC raised its position in shares of Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 390 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of Digital Realty Trust by 41.9% in the first quarter. Great Lakes Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 531 shares during the last quarter. MBB Public Markets I LLC bought a new position in Digital Realty Trust during the 1st quarter valued at $301,000. Empowered Funds LLC grew its holdings in Digital Realty Trust by 9.4% during the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock worth $972,000 after acquiring an additional 584 shares in the last quarter. Finally, SCS Capital Management LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth about $417,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Moffett Nathanson lifted their price target on Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Barclays increased their target price on Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a report on Monday, October 27th. Citigroup boosted their price target on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Digital Realty Trust in a research note on Monday. They set a “buy” rating and a $180.00 price objective on the stock. Finally, Daiwa Capital Markets initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, October 22nd. They set a “buy” rating and a $210.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.62.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Digital Realty Trust Stock Performance

Shares of DLR opened at $158.50 on Friday. The firm has a fifty day moving average of $158.43 and a 200-day moving average of $167.09. The company has a market cap of $54.44 billion, a price-to-earnings ratio of 40.96, a price-to-earnings-growth ratio of 3.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $187.74.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm had revenue of $1.58 billion for the quarter. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

Digital Realty Trust Company 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.