Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,949 shares of the real estate investment trust’s stock after selling 103 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Digital Realty Trust were worth $1,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $2,141,890,000. Vanguard Group Inc. grew its position in shares of Digital Realty Trust by 2.1% during 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 acquiring an additional 971,032 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $107,372,000. Kodai Capital Management LP acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $59,087,000. Finally, Wellington Management Group LLP grew its position in shares of Digital Realty Trust by 1,825.0% during the 3rd quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock valued at $48,623,000 after acquiring an additional 380,904 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DLR shares. Barclays raised their target price on Digital Realty Trust from $119.00 to $123.00 and gave the company an “underweight” rating in a research report on Thursday, May 30th. Truist Financial raised their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, March 18th. TD Cowen raised their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.42.

Read Our Latest Stock Report on DLR

Digital Realty Trust Stock Down 0.2 %

DLR stock opened at $151.44 on Friday. The firm has a market cap of $47.31 billion, a PE ratio of 42.07, a PEG ratio of 19.95 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50 day moving average price is $145.88 and its 200-day moving average price is $142.27. Digital Realty Trust, Inc. has a one year low of $112.38 and a one year high of $154.18.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s payout ratio is presently 135.56%.

Digital Realty Trust Profile

(Free Report)

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.

See Also

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