American International Group Inc. Purchases 830 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

American International Group Inc. boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,708 shares of the real estate investment trust’s stock after purchasing an additional 830 shares during the quarter. American International Group Inc.’s holdings in Digital Realty Trust were worth $10,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Digital Realty Trust in the fourth quarter valued at approximately $2,141,890,000. Resolution Capital Ltd lifted its stake in shares of Digital Realty Trust by 106.7% in the 3rd quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock valued at $284,532,000 after purchasing an additional 1,213,526 shares during the period. Vanguard Group Inc. boosted its position in shares of Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after purchasing an additional 971,032 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $107,372,000. Finally, Kodai Capital Management LP acquired a new position in Digital Realty Trust in the fourth quarter valued at about $59,087,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup upped their price target on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. TD Cowen increased their target price on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. 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 report on Friday, May 3rd. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada boosted 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $144.65.

Digital Realty Trust Price Performance

NYSE:DLR opened at $148.97 on Tuesday. The stock’s 50-day simple moving average is $143.08 and its 200 day simple moving average is $140.94. Digital Realty Trust, Inc. has a 52-week low of $102.54 and a 52-week high of $154.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $46.54 billion, a P/E ratio of 41.38, a P/E/G ratio of 19.73 and a beta of 0.57.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, June 14th. Digital Realty Trust’s payout ratio is presently 135.56%.

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.