AIA Group Ltd Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

AIA Group Ltd bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,100 shares of the real estate investment trust's stock, valued at approximately $2,301,000.

A number of other hedge funds have also recently modified their holdings of the business. Operose Advisors LLC bought a new position in Digital Realty Trust in the third quarter worth approximately $27,000. Carolinas Wealth Consulting LLC grew its stake in Digital Realty Trust by 156.1% in the first quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 167 shares in the last quarter. Clear Street Markets LLC grew its stake in Digital Realty Trust by 28,900.0% in the fourth quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 289 shares in the last quarter. Baldwin Brothers LLC MA grew its stake in Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Digital Realty Trust in the fourth quarter worth approximately $32,000. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DLR. Barclays increased their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $144.00 target price on shares of Digital Realty Trust in a research report on Friday, February 16th. Truist Financial increased their target price on Digital Realty Trust from $145.00 to $158.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Scotiabank lowered Digital Realty Trust from a "sector outperform" rating to a "sector perform" rating and set a $157.00 price objective for the company. in a report on Friday, February 16th. Finally, Stifel Nicolaus increased their price objective on Digital Realty Trust from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has an average rating of "Hold" and an average target price of $143.33.

Digital Realty Trust Price Performance

DLR stock traded up $0.17 during trading on Friday, hitting $136.83. The stock had a trading volume of 1,505,161 shares, compared to its average volume of 1,977,909. 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 company's 50-day moving average price is $142.29 and its two-hundred day moving average price is $135.77. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $154.18. The stock has a market capitalization of $42.73 billion, a P/E ratio of 46.07, a PEG ratio of 3.08 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust's payout ratio is presently 164.31%.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction that occurred 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 sale, the director now owns 8,413 shares of the company's stock, valued at approximately $1,224,091.50. The transaction was disclosed in a filing with the SEC, which can be accessed 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.