Digital Realty Trust, Inc. (NYSE:DLR) Stake Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,061 shares of the real estate investment trust’s stock after acquiring an additional 3,274 shares during the period. PNC Financial Services Group Inc.’s holdings in Digital Realty Trust were worth $4,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DLR. Cove Private Wealth LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $733,000. Vanguard Group Inc. lifted its stake in shares of Digital Realty Trust by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 47,552,026 shares of the real estate investment trust’s stock valued at $6,399,552,000 after purchasing an additional 161,178 shares during the last quarter. Willner & Heller LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $443,000. Gerber LLC acquired a new position in Digital Realty Trust during the 4th quarter worth $288,000. Finally, Mubadala Investment Co PJSC acquired a new position in Digital Realty Trust during the 4th quarter worth $28,176,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Digital Realty Trust from $119.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. Morgan Stanley upped their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. HSBC upped their target price on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust has an average rating of “Hold” and an average price target of $144.65.

Digital Realty Trust Trading Up 0.4 %

Shares of NYSE DLR opened at $149.56 on Wednesday. The company’s fifty day moving average is $143.15 and its 200-day moving average is $141.01. The stock has a market cap of $46.73 billion, a price-to-earnings ratio of 41.54, a P/E/G ratio of 19.73 and a beta of 0.57. Digital Realty Trust, Inc. has a twelve month low of $102.54 and a twelve month high of $154.18. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $1.22 per share. 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 3.26%. Digital Realty Trust’s dividend payout ratio is 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.