Motley Fool Asset Management LLC Has $1.12 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Motley Fool Asset Management LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,340 shares of the real estate investment trust’s stock after buying an additional 874 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Digital Realty Trust were worth $1,122,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Digital Realty Trust by 196.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 900 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 596 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Digital Realty Trust by 1.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 318,782 shares of the real estate investment trust’s stock worth $42,902,000 after purchasing an additional 5,949 shares in the last quarter. Stevens Capital Management LP bought a new position in Digital Realty Trust during the fourth quarter worth about $1,196,000. Syon Capital LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $225,000. Finally, Lyell Wealth Management LP raised its stake in Digital Realty Trust by 12.0% during the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after acquiring an additional 5,197 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DLR shares. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Truist Financial upped their price target on shares of 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 raised their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Raymond James upped their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Finally, 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $143.33.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

Digital Realty Trust Stock Up 1.0 %

Shares of DLR traded up $1.36 during mid-day trading on Friday, hitting $142.85. 1,798,142 shares of the company’s stock were exchanged, compared to its average volume of 1,956,292. The company has a 50-day simple moving average of $141.81 and a 200 day simple moving average of $136.68. 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 has a market cap of $44.61 billion, a PE ratio of 48.10, a P/E/G ratio of 3.20 and a beta of 0.54. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.42%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 164.31%.

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.