Abel Hall LLC Acquires Shares of 2,325 Digital Realty Trust, Inc. (NYSE:DLR)

Abel Hall LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,325 shares of the real estate investment trust’s stock, valued at approximately $313,000.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Digital Realty Trust by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after buying an additional 9,158 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Digital Realty Trust by 17.7% during the fourth quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after purchasing an additional 35,456 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Digital Realty Trust by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock valued at $435,559,000 after purchasing an additional 85,262 shares in the last quarter. Lyell Wealth Management LP lifted its position in shares of Digital Realty Trust by 12.0% during the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock valued at $6,507,000 after purchasing an additional 5,197 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Digital Realty Trust by 2.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock valued at $18,558,000 after purchasing an additional 2,840 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on DLR. Evercore ISI reissued an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research report on Wednesday, March 27th. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Barclays raised their price objective on shares of Digital Realty Trust from $119.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, May 30th. Royal Bank of Canada raised their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective 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. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $144.65.

Digital Realty Trust Stock Performance

Shares of DLR traded up $1.37 during trading hours on Friday, hitting $149.92. The company’s stock had a trading volume of 1,000,378 shares, compared to its average volume of 1,381,036. The business has a 50 day simple moving average of $142.97 and a two-hundred day simple moving average of $140.85. The company has a market cap of $46.84 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 19.73 and a beta of 0.57. Digital Realty Trust, Inc. has a 52-week low of $102.54 and a 52-week high of $154.18. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.26%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Digital Realty Trust Company Profile

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.