Tacita Capital Inc acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 6,266 shares of the real estate investment trust’s stock, valued at approximately $1,125,000.
Other large investors have also made changes to their positions in the company. Bison Wealth LLC boosted its stake in shares of Digital Realty Trust by 17.2% in the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 390 shares during the period. Empowered Funds LLC raised its stake 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 valued at $972,000 after purchasing an additional 584 shares during the period. NewEdge Advisors LLC lifted its holdings in Digital Realty Trust by 23.0% in the 2nd quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock worth $3,790,000 after purchasing an additional 4,069 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Digital Realty Trust by 3.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock worth $27,469,000 after purchasing an additional 5,909 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its stake in Digital Realty Trust by 0.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock worth $4,816,000 after purchasing an additional 231 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty Trust Trading Down 1.6%
Shares of DLR opened at $192.21 on Thursday. The stock has a market capitalization of $71.13 billion, a PE ratio of 93.31, a P/E/G ratio of 5.53 and a beta of 1.03. The company’s fifty day moving average is $186.53 and its 200 day moving average is $185.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.
Digital Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on DLR. Evercore reiterated an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research report on Tuesday. TD Cowen upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $192.00 to $222.00 in a research report on Friday, July 24th. BTIG Research began coverage on Digital Realty Trust in a report on Friday, July 10th. They issued a “buy” rating and a $215.00 target price on the stock. Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $219.45.
View Our Latest Analysis 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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