Sumitomo Mitsui Trust Holdings Inc. Has $234.74 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Sumitomo Mitsui Trust Holdings Inc. cut its position in Digital Realty Trust, Inc. (NYSE:DLR) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,629,709 shares of the real estate investment trust’s stock after selling 85,879 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.52% of Digital Realty Trust worth $234,743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Public Employees Retirement System of Ohio lifted its holdings in Digital Realty Trust by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock worth $79,074,000 after acquiring an additional 9,158 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Digital Realty Trust by 17.7% in the 4th quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after purchasing an additional 35,456 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Digital Realty Trust by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after purchasing an additional 85,262 shares in the last quarter. Lyell Wealth Management LP raised its holdings in Digital Realty Trust by 12.0% during the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after buying an additional 5,197 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Digital Realty Trust by 2.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock valued at $18,558,000 after buying an additional 2,840 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DLR has been the subject of a number of research reports. Truist Financial increased their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. Barclays raised their price target on Digital Realty Trust from $119.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday, May 30th. Royal Bank of Canada raised their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $149.42.

Digital Realty Trust Stock Down 0.8 %

DLR stock opened at $151.76 on Thursday. The firm has a 50-day moving average price of $145.28 and a 200-day moving average price of $142.00. Digital Realty Trust, Inc. has a 12 month low of $112.38 and a 12 month high of $154.18. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $47.41 billion, a P/E ratio of 42.16, a price-to-earnings-growth ratio of 19.91 and a beta of 0.59.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. Digital Realty Trust’s payout ratio is presently 135.56%.

About Digital Realty Trust

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.