Elo Mutual Pension Insurance Co Has $5.74 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Elo Mutual Pension Insurance Co boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,385 shares of the real estate investment trust’s stock after purchasing an additional 3,741 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Digital Realty Trust were worth $5,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after purchasing an additional 3,607,802 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Digital Realty Trust in the third quarter valued at about $132,980,000. Raymond James Financial Inc. bought a new position in Digital Realty Trust in the fourth quarter valued at about $125,336,000. Vanguard Group Inc. raised its stake in Digital Realty Trust by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after acquiring an additional 469,823 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of Digital Realty Trust by 88.8% in the fourth quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock worth $139,812,000 after acquiring an additional 370,835 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DLR shares. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Truist Financial cut their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Stock Down 3.0 %

Shares of NYSE:DLR opened at $144.95 on Friday. The business’s 50-day moving average is $160.83 and its 200-day moving average is $169.80. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The company has a market capitalization of $48.80 billion, a price-to-earnings ratio of 89.48, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

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.