Stevens Capital Management LP Purchases Shares of 8,884 Digital Realty Trust, Inc. (NYSE:DLR)

Stevens Capital Management LP purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 8,884 shares of the real estate investment trust’s stock, valued at approximately $1,196,000.

Other hedge funds have also bought and sold shares of the company. Schechter Investment Advisors LLC lifted its holdings in Digital Realty Trust by 18.5% during the third quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 511 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Digital Realty Trust by 2.8% in the third quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock valued at $87,209,000 after acquiring an additional 19,931 shares in the last quarter. Lyell Wealth Management LP boosted its stake in shares of Digital Realty Trust by 12.0% in the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after acquiring an additional 5,197 shares during the last quarter. Raymond James & Associates increased its position in shares of Digital Realty Trust by 5.7% during the fourth quarter. Raymond James & Associates now owns 299,551 shares of the real estate investment trust’s stock worth $40,314,000 after purchasing an additional 16,101 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after purchasing an additional 971,032 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DLR shares. Truist Financial boosted their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Scotiabank cut Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target for the company. in a report on Friday, February 16th. Royal Bank of Canada reissued an “outperform” rating and set a $144.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 16th. Morgan Stanley raised their target price on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $143.33.

Digital Realty Trust Price Performance

DLR traded up $1.34 during midday trading on Friday, reaching $142.83. 1,798,140 shares of the company’s stock were exchanged, compared to its average volume of 1,956,292. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The stock has a market capitalization of $44.60 billion, a PE ratio of 48.09, a P/E/G ratio of 3.20 and a beta of 0.54. The business’s 50-day moving average price is $141.67 and its 200 day moving average price is $136.51.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.42%. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.39% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.