Gulf International Bank UK Ltd Has $4.44 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Gulf International Bank UK Ltd lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,060 shares of the real estate investment trust’s stock after selling 218 shares during the period. Gulf International Bank UK Ltd’s holdings in Digital Realty Trust were worth $4,443,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in shares of Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after acquiring an additional 117,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Digital Realty Trust by 501.7% during the 3rd 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 purchasing an additional 3,607,802 shares in the last quarter. Principal Financial Group Inc. raised its stake in Digital Realty Trust by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after purchasing an additional 79,322 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock valued at $261,375,000 after purchasing an additional 40,491 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of Digital Realty Trust by 16.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,285,883 shares of the real estate investment trust’s stock worth $208,094,000 after buying an additional 181,868 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DLR shares. Barclays increased their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $157.28 on Friday. The firm has a market capitalization of $52.17 billion, a PE ratio of 97.08, a PEG ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. 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 firm’s fifty day simple moving average is $171.70 and its 200 day simple moving average is $169.69.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results 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 return on equity of 2.97% and a net margin of 10.85%. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS 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. Stockholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.10%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

About Digital Realty Trust

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.