Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,892 shares of the real estate investment trust’s stock, valued at approximately $3,093,000.
Several other large investors have also recently added to or reduced their stakes in DLR. Pinnacle Bancorp Inc. acquired a new stake in shares of Digital Realty Trust during the third quarter worth approximately $25,000. South Plains Financial Inc. boosted its holdings in shares of Digital Realty Trust by 280.5% in the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 115 shares in the last quarter. Tobam acquired a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC bought a new stake in Digital Realty Trust during the 3rd quarter worth approximately $28,000. Finally, First Horizon Corp acquired a new stake in Digital Realty Trust during the 3rd quarter valued at $31,000. 99.71% of the stock is owned by institutional investors.
Digital Realty Trust Stock Down 2.0%
Shares of DLR opened at $176.21 on Friday. The business’s fifty day moving average price is $167.28 and its two-hundred day moving average price is $166.38. The firm has a market capitalization of $60.55 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 3.90 and a beta of 1.12. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $184.79. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Mizuho decreased their target price on Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. TD Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a report on Friday, February 6th. UBS Group set a $189.00 price target on shares of Digital Realty Trust in a research report on Wednesday, January 14th. Finally, KeyCorp reissued a “sector weight” rating on shares of Digital Realty Trust in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.36.
Get Our Latest Stock Analysis on Digital Realty Trust
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.
Featured Articles
- Five stocks we like better than Digital Realty Trust
- “I just bought 10,000 shares of a $5 stock…”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- How JPMorgan’s $8,000 Gold Call Will Leave Most Retirement Accounts Behind
- Silver Is the New Oil—And the World’s Running Dry
- Nvidia CEO Issues Bold Tesla Call
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
