Millennium Management LLC cut its holdings in Digital Realty (NYSE:DLR) by 57.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,067 shares of the real estate investment trust’s stock after selling 48,540 shares during the period. Millennium Management LLC’s holdings in Digital Realty were worth $4,108,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DLR. Janney Montgomery Scott LLC lifted its holdings in Digital Realty by 43.2% in the third quarter. Janney Montgomery Scott LLC now owns 11,722 shares of the real estate investment trust’s stock valued at $1,387,000 after acquiring an additional 3,539 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Digital Realty by 8.5% in the third quarter. Prudential Financial Inc. now owns 565,567 shares of the real estate investment trust’s stock valued at $66,924,000 after acquiring an additional 44,232 shares during the last quarter. Washington Trust Bank lifted its holdings in Digital Realty by 6.1% in the fourth quarter. Washington Trust Bank now owns 30,427 shares of the real estate investment trust’s stock valued at $3,466,000 after acquiring an additional 1,742 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in Digital Realty by 1.7% in the fourth quarter. Confluence Investment Management LLC now owns 417,129 shares of the real estate investment trust’s stock valued at $47,511,000 after acquiring an additional 7,088 shares during the last quarter. Finally, DnB Asset Management AS lifted its holdings in Digital Realty by 2.6% in the fourth quarter. DnB Asset Management AS now owns 19,721 shares of the real estate investment trust’s stock valued at $2,246,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.
NYSE:DLR opened at $103.17 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.25. Digital Realty has a 12 month low of $96.56 and a 12 month high of $127.23. The firm has a market capitalization of $21,473.70, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 2.35 and a beta of -0.02.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.92%. The ex-dividend date was Wednesday, March 14th. This is an increase from Digital Realty’s previous quarterly dividend of $0.93. Digital Realty’s dividend payout ratio is currently 65.80%.
In other Digital Realty news, SVP Christopher Kenney sold 10,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $103.47, for a total value of $1,034,700.00. Following the completion of the transaction, the senior vice president now owns 10,000 shares in the company, valued at $1,034,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.
A number of research analysts recently commented on DLR shares. Credit Suisse Group set a $95.00 price objective on Digital Realty and gave the company a “hold” rating in a report on Saturday, February 17th. Robert W. Baird upgraded Digital Realty from a “neutral” rating to an “outperform” rating and set a $124.00 price objective on the stock in a report on Tuesday, January 16th. Zacks Investment Research cut Digital Realty from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Wells Fargo upgraded Digital Realty from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $109.31 to $120.00 in a research note on Friday, December 22nd. Finally, Deutsche Bank decreased their price target on Digital Realty from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $121.82.
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Digital Realty Company Profile
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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