Raymond James & Associates Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Raymond James & Associates grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 15.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 346,937 shares of the real estate investment trust’s stock after buying an additional 47,386 shares during the quarter. Raymond James & Associates owned 0.11% of Digital Realty Trust worth $49,973,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Digital Realty Trust in the fourth quarter valued at $2,141,890,000. Resolution Capital Ltd raised its stake in Digital Realty Trust by 106.7% in the 3rd quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock valued at $284,532,000 after purchasing an additional 1,213,526 shares during the last quarter. 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. Balyasny Asset Management L.P. acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $107,372,000. Finally, Kodai Capital Management LP purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $59,087,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 4.9 %

NYSE DLR traded up $6.85 during trading hours on Friday, hitting $147.00. The company had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. The firm’s 50 day moving average is $142.27 and its 200 day moving average is $137.31. 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 fifty-two week low of $86.33 and a fifty-two week high of $154.18. The company has a market capitalization of $45.93 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 3.19 and a beta of 0.55.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.32%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Evercore ISI restated an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a research report on Wednesday, March 27th. HSBC lifted their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research report on Friday. Truist Financial increased their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Citigroup lifted their price target on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Wells Fargo & Company upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $142.65.

About Digital Realty Trust

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.