Valliance Asset Management Ltd Buys Shares of 20,000 Digital Realty Trust, Inc. (NYSE:DLR)

Valliance Asset Management Ltd purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,000 shares of the real estate investment trust’s stock, valued at approximately $2,881,000. Digital Realty Trust makes up approximately 7.0% of Valliance Asset Management Ltd’s portfolio, making the stock its 4th largest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Monolith Management Ltd acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth $17,285,000. Hilltop National Bank purchased a new position in shares of Digital Realty Trust in the first quarter worth $575,000. Mystic Asset Management Inc. lifted its stake in shares of Digital Realty Trust by 13.2% during the first quarter. Mystic Asset Management Inc. now owns 5,150 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 600 shares during the period. Metis Global Partners LLC grew its holdings in shares of Digital Realty Trust by 6.2% during the first quarter. Metis Global Partners LLC now owns 66,017 shares of the real estate investment trust’s stock valued at $9,509,000 after buying an additional 3,835 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Digital Realty Trust by 21.8% in the 1st quarter. Empowered Funds LLC now owns 4,607 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 826 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on DLR. Royal Bank of Canada lifted their price target on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. TD Cowen increased their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Stifel Nicolaus lifted their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They set a “buy” rating and a $175.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $151.20.

Digital Realty Trust Price Performance

DLR stock traded up $0.62 during mid-day trading on Friday, reaching $158.35. 1,284,221 shares of the company’s stock were exchanged, compared to its average volume of 1,394,311. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $160.46. The stock’s 50 day moving average is $147.33 and its 200 day moving average is $143.00. The company has a market cap of $49.47 billion, a price-to-earnings ratio of 43.99, a price-to-earnings-growth ratio of 20.74 and a beta of 0.59.

Digital Realty Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.08%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

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.