Digital Realty Trust, Inc. (NYSE:DLR) is Duff & Phelps Investment Management Co.’s 4th Largest Position

Duff & Phelps Investment Management Co. boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,481,420 shares of the real estate investment trust’s stock after buying an additional 83,855 shares during the quarter. Digital Realty Trust makes up about 2.4% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 4th biggest holding. Duff & Phelps Investment Management Co.’s holdings in Digital Realty Trust were worth $199,370,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Baldwin Brothers LLC MA raised its stake in shares of Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Operose Advisors LLC bought a new position in Digital Realty Trust during the 3rd quarter valued at approximately $27,000. Bfsg LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Evercore ISI restated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Morgan Stanley lifted their price target on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Raymond James raised their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Three investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $143.33.

Digital Realty Trust Stock Down 0.3 %

Shares of DLR traded down $0.44 on Monday, hitting $142.39. 2,066,538 shares of the stock traded hands, compared to its average volume of 1,955,772. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The company 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. The business has a 50 day simple moving average of $141.93 and a 200 day simple moving average of $137.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14.

Digital Realty Trust Dividend Announcement

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

Insider Activity

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

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.