Norden Group LLC Invests $2.74 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Norden Group LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,989 shares of the real estate investment trust’s stock, valued at approximately $2,735,000.

Several other institutional investors and hedge funds have also made changes to their positions in DLR. Rise Advisors LLC lifted its position in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the last quarter. GoalVest Advisory LLC purchased a new position in shares of Digital Realty Trust during the first quarter valued at $29,000. Baldwin Brothers LLC MA increased its stake in shares of Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 185 shares during the period. Bfsg LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at $31,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at $32,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DLR has been the topic of several research reports. Truist Financial raised their price target 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. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research note on Monday. They set a “buy” rating and a $175.00 price target on the stock. Evercore ISI reiterated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Morgan Stanley lifted their target price 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. Finally, Royal Bank of Canada lifted their target price on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $149.42.

Digital Realty Trust Trading Down 0.8 %

Digital Realty Trust stock opened at $151.71 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 52 week low of $112.38 and a 52 week high of $154.18. The company has a market capitalization of $47.40 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 20.02 and a beta of 0.59. The stock has a 50-day moving average price of $145.50 and a 200 day moving average price of $142.07.

Digital Realty Trust Announces Dividend

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

Digital Realty Trust 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.