Tokio Marine Asset Management Co. Ltd. Buys 499 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Tokio Marine Asset Management Co. Ltd. boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 5.7% in the third quarter, HoldingsChannel reports. The firm owned 9,298 shares of the real estate investment trust’s stock after acquiring an additional 499 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Digital Realty Trust were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after acquiring an additional 951,567 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Digital Realty Trust by 3.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after purchasing an additional 146,183 shares during the period. Legal & General Group Plc increased its position in shares of Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after purchasing an additional 129,799 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Digital Realty Trust by 16.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after purchasing an additional 678,165 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Digital Realty Trust by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after buying an additional 228,585 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DLR shares. Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays boosted their price target on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada boosted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $169.47.

Digital Realty Trust Stock Up 0.0 %

Shares of DLR stock opened at $178.17 on Friday. The stock has a market cap of $59.10 billion, a P/E ratio of 149.72, a PEG ratio of 4.73 and a beta of 0.59. The company’s fifty day simple moving average is $165.37 and its two-hundred day simple moving average is $154.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Digital Realty Trust 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.