Asset Management One Co. Ltd. Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Asset Management One Co. Ltd. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 643,424 shares of the real estate investment trust's stock after acquiring an additional 21,598 shares during the quarter. Asset Management One Co. Ltd. owned about 0.19% of Digital Realty Trust worth $92,196,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $3,858,428,000. Northern Trust Corp lifted its position in Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Digital Realty Trust by 66.6% during the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after acquiring an additional 1,232,043 shares during the period. GAMMA Investing LLC increased its stake in shares of Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after purchasing an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Digital Realty Trust during the fourth quarter valued at about $182,126,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Mizuho increased their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Citigroup cut their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Truist Financial decreased their price target on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Oppenheimer assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective for the company. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $186.55.

Digital Realty Trust Trading Up 1.0%

NYSE DLR traded up $1.75 on Friday, reaching $171.34. The stock had a trading volume of 2,658,797 shares, compared to its average volume of 2,018,051. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $168.39 and a two-hundred day moving average price of $165.01. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The firm has a market capitalization of $57.70 billion, a price-to-earnings ratio of 160.13, a P/E/G ratio of 2.62 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The company's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.85%. Digital Realty Trust's payout ratio is 456.07%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director now owns 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.