Mediolanum International Funds Ltd Buys 25,743 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Mediolanum International Funds Ltd raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 58.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,437 shares of the real estate investment trust’s stock after purchasing an additional 25,743 shares during the period. Mediolanum International Funds Ltd’s holdings in Digital Realty Trust were worth $12,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DLR. Adirondack Trust Co. increased its holdings in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc raised its position in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Digital Realty Trust during the 3rd quarter valued at approximately $38,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust in the 4th quarter worth approximately $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $163.80 on Friday. The company’s fifty day moving average is $181.55 and its 200 day moving average is $167.91. 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 $131.42 and a 52 week high of $198.00. The stock has a market cap of $54.33 billion, a PE ratio of 137.65, a PEG ratio of 4.11 and a beta of 0.64.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.98%. Digital Realty Trust’s payout ratio is 410.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DLR. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Truist Financial upped their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Scotiabank upped their target price on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Insiders Place Their Bets

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

Digital Realty Trust Company Profile

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.