Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,481,420 shares of the real estate investment trust’s stock after buying an additional 83,855 shares during the period. Digital Realty Trust makes up approximately 2.4% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 4th biggest holding. Duff & Phelps Investment Management Co. owned 0.49% of Digital Realty Trust worth $199,370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baldwin Brothers LLC MA boosted its position in Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 185 shares during the last quarter. Operose Advisors LLC bought a new position in Digital Realty Trust in the third quarter valued at $27,000. Bfsg LLC bought a new stake in Digital Realty Trust during the 4th quarter worth about $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth about $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Digital Realty Trust in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DLR. Morgan Stanley increased their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Citigroup upped their price objective on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Truist Financial boosted their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Raymond James lifted their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $155.00 in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.33.

Insiders Place Their Bets

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Digital Realty Trust Price Performance

DLR stock traded down $0.44 during midday trading on Monday, reaching $142.39. 2,066,538 shares of the stock were exchanged, compared to its average volume of 1,955,772. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $44.47 billion, a PE ratio of 47.94, a P/E/G ratio of 3.25 and a beta of 0.54. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The company has a fifty day moving average price of $141.93 and a 200 day moving average price of $137.01.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.43%. Digital Realty Trust’s payout ratio is 164.31%.

Digital Realty Trust 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.