Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 23.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,443 shares of the real estate investment trust’s stock after purchasing an additional 1,969 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Digital Realty Trust were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in DLR. Vanguard Group Inc. increased its position in Digital Realty Trust by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 47,552,026 shares of the real estate investment trust’s stock worth $6,399,552,000 after buying an additional 161,178 shares during the period. Norges Bank bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $2,141,890,000. Principal Financial Group Inc. increased its holdings in shares of Digital Realty Trust by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock worth $784,495,000 after acquiring an additional 97,509 shares during the period. Morgan Stanley increased its holdings in shares of Digital Realty Trust by 6.8% in the 3rd quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock worth $535,658,000 after acquiring an additional 282,825 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Digital Realty Trust by 2.7% in the 4th 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 during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DLR shares. Morgan Stanley raised their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. Barclays boosted their price target on Digital Realty Trust from $119.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. Truist Financial raised their price target on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, HSBC upped their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $149.42.

Digital Realty Trust Price Performance

Shares of DLR traded down $1.20 during trading hours on Thursday, hitting $151.71. 879,721 shares of the company were exchanged, compared to its average volume of 1,469,527. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $47.40 billion, a PE ratio of 42.14, a PEG ratio of 20.02 and a beta of 0.59. The firm has a fifty day simple moving average of $145.50 and a 200-day simple moving average of $142.07. Digital Realty Trust, Inc. has a one year low of $112.38 and a one year high of $154.18.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

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.