BTC Capital Management Inc. Invests $349,000 in Digital Realty Trust, Inc. (NYSE:DLR)

BTC Capital Management Inc. bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,420 shares of the real estate investment trust’s stock, valued at approximately $349,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Operose Advisors LLC acquired a new stake in Digital Realty Trust during the third quarter worth approximately $27,000. Rise Advisors LLC grew its position in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares during the period. Baldwin Brothers LLC MA increased its stake in shares of Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Bfsg LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at $31,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $148.35 on Friday. The firm has a market capitalization of $46.35 billion, a P/E ratio of 41.21, a PEG ratio of 19.47 and a beta of 0.57. Digital Realty Trust, Inc. has a one year low of $103.15 and a one year high of $154.18. 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 business has a fifty day moving average price of $143.53 and a 200-day moving average price of $141.21.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.29%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Analyst Ratings Changes

DLR has been the subject of several research reports. Truist Financial raised their target price on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Morgan Stanley raised their price objective on 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. TD Cowen upped their target price on Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Evercore ISI reissued an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Finally, UBS Group boosted their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and an average target price of $144.65.

Digital Realty Trust Company 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.