Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Swedbank AB

Swedbank AB boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 308,056 shares of the real estate investment trust’s stock after purchasing an additional 40,815 shares during the period. Swedbank AB’s holdings in Digital Realty Trust were worth $54,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC increased its position in Digital Realty Trust by 1.6% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after acquiring an additional 59 shares during the period. OneDigital Investment Advisors LLC increased its position in Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares during the period. Trueblood Wealth Management LLC increased its position in Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the period. Stolper Co increased its position in Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after purchasing an additional 64 shares during the period. Finally, GHP Investment Advisors Inc. increased its position in Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DLR. Evercore ISI boosted their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their target price on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Truist Financial boosted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Price Performance

DLR stock opened at $162.12 on Thursday. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The firm has a market cap of $53.78 billion, a P/E ratio of 136.23, a PEG ratio of 4.64 and a beta of 0.64. The stock’s 50 day moving average price is $182.49 and its 200 day moving average price is $167.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

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.