Forsta AP Fonden lowered its holdings in Digital Realty (NYSE:DLR) by 1.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,510 shares of the real estate investment trust’s stock after selling 974 shares during the quarter. Forsta AP Fonden’s holdings in Digital Realty were worth $5,955,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Digital Realty by 1.2% in the 4th quarter. BlackRock Inc. now owns 20,182,465 shares of the real estate investment trust’s stock valued at $2,298,785,000 after buying an additional 238,690 shares during the last quarter. PGGM Investments grew its holdings in shares of Digital Realty by 1.1% during the 4th quarter. PGGM Investments now owns 2,957,000 shares of the real estate investment trust’s stock worth $336,802,000 after purchasing an additional 33,169 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Digital Realty by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 2,490,521 shares of the real estate investment trust’s stock worth $283,148,000 after purchasing an additional 110,752 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Digital Realty by 6.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,054,344 shares of the real estate investment trust’s stock worth $216,487,000 after purchasing an additional 117,061 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in shares of Digital Realty by 8.7% during the 1st quarter. Duff & Phelps Investment Management Co. now owns 975,494 shares of the real estate investment trust’s stock worth $102,798,000 after purchasing an additional 77,850 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty stock opened at $105.24 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.94. The company has a market cap of $21.73 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.37 and a beta of -0.02. Digital Realty has a one year low of $96.56 and a one year high of $127.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $1.01 dividend. The ex-dividend date is Thursday, June 14th. This represents a $4.04 annualized dividend and a yield of 3.84%. Digital Realty’s payout ratio is 65.80%.
In other Digital Realty news, SVP Christopher Kenney sold 10,000 shares of Digital Realty stock in a transaction on Friday, March 9th. The stock was 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 approximately $1,034,700. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.43% of the company’s stock.
DLR has been the topic of several recent research reports. Credit Suisse Group set a $95.00 price objective on Digital Realty and gave the stock a “hold” rating in a report on Saturday, February 17th. Citigroup raised Digital Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $105.12 to $120.00 in a report on Wednesday, February 14th. Moffett Nathanson initiated coverage on Digital Realty in a report on Monday, April 9th. They set a “hold” rating and a $115.00 price objective on the stock. Zacks Investment Research raised Digital Realty from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Raymond James raised Digital Realty from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $122.06.
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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