Norges Bank Takes $3.86 Billion Position in Digital Realty Trust, Inc. (NYSE:DLR)

Norges Bank bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 21,758,462 shares of the real estate investment trust’s stock, valued at approximately $3,858,428,000. Digital Realty Trust makes up about 0.5% of Norges Bank’s portfolio, making the stock its 27th biggest position. Norges Bank owned approximately 6.56% of Digital Realty Trust as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blair William & Co. IL increased its position in Digital Realty Trust by 4.5% during the fourth quarter. Blair William & Co. IL now owns 25,448 shares of the real estate investment trust’s stock worth $4,513,000 after purchasing an additional 1,090 shares during the last quarter. NEOS Investment Management LLC increased its position in shares of Digital Realty Trust by 29.9% during the fourth quarter. NEOS Investment Management LLC now owns 16,180 shares of the real estate investment trust’s stock worth $2,869,000 after acquiring an additional 3,729 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Digital Realty Trust by 1.4% during the 4th quarter. UniSuper Management Pty Ltd now owns 478,884 shares of the real estate investment trust’s stock valued at $84,920,000 after acquiring an additional 6,396 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its position in shares of Digital Realty Trust by 13.1% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 32,385 shares of the real estate investment trust’s stock worth $5,743,000 after purchasing an additional 3,741 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Digital Realty Trust by 6.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 705,529 shares of the real estate investment trust’s stock valued at $128,223,000 after purchasing an additional 44,127 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Stock Down 1.4 %

Shares of NYSE DLR opened at $149.37 on Thursday. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The company’s 50 day moving average price is $161.53 and its 200-day moving average price is $169.97. The company has a market capitalization of $50.29 billion, a P/E ratio of 92.21, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Digital Realty Trust 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.