2,420 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,420 shares of the real estate investment trust’s stock, valued at approximately $349,000.

Several other institutional investors have also modified their holdings of DLR. Wedmont Private Capital bought a new stake in Digital Realty Trust in the first quarter worth $310,000. Banque Cantonale Vaudoise lifted its holdings in shares of Digital Realty Trust by 27.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 11,300 shares of the real estate investment trust’s stock worth $1,628,000 after acquiring an additional 2,418 shares during the last quarter. Czech National Bank boosted its stake in shares of Digital Realty Trust by 0.5% during the 1st quarter. Czech National Bank now owns 53,298 shares of the real estate investment trust’s stock worth $7,677,000 after purchasing an additional 256 shares during the period. Green Alpha Advisors LLC grew its holdings in Digital Realty Trust by 8.9% during the 1st quarter. Green Alpha Advisors LLC now owns 15,470 shares of the real estate investment trust’s stock valued at $2,228,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Stolper Co raised its position in Digital Realty Trust by 1.4% in the 1st quarter. Stolper Co now owns 12,755 shares of the real estate investment trust’s stock worth $1,837,000 after purchasing an additional 172 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $148.35 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 52-week low of $103.15 and a 52-week high of $154.18. The firm has a market cap of $46.35 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 19.47 and a beta of 0.57. The company’s 50 day moving average is $143.53 and its two-hundred day moving average is $141.21.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Analysts Set New Price Targets

DLR has been the topic of a number of analyst reports. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. Truist Financial increased their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. HSBC lifted their target price on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Finally, Citigroup lifted their price objective 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. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $144.65.

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.