PGGM Investments Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

PGGM Investments increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 27.5% in the 4th quarter, HoldingsChannel reports. The firm owned 408,421 shares of the real estate investment trust’s stock after purchasing an additional 88,061 shares during the period. Digital Realty Trust makes up 1.0% of PGGM Investments’ investment portfolio, making the stock its 28th biggest position. PGGM Investments’ holdings in Digital Realty Trust were worth $72,425,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares during the period. Point72 Asset Management L.P. acquired a new position in Digital Realty Trust during the 3rd quarter worth approximately $132,980,000. Raymond James Financial Inc. purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $125,336,000. Sycomore Asset Management acquired a new stake in shares of Digital Realty Trust in the 3rd quarter valued at $80,915,000. Finally, National Pension Service lifted its position in shares of Digital Realty Trust by 88.8% during the 4th quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock worth $139,812,000 after purchasing an additional 370,835 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Stifel Nicolaus upped their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.11.

Digital Realty Trust Trading Up 3.2 %

Shares of DLR stock opened at $151.67 on Thursday. The company has a market capitalization of $51.06 billion, a P/E ratio of 93.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $166.91 and its two-hundred day moving average is $169.95. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.22%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Digital Realty Trust Company Profile

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.