Los Angeles Capital Management LLC Buys 583 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Los Angeles Capital Management LLC lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 29.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,538 shares of the real estate investment trust’s stock after buying an additional 583 shares during the period. Los Angeles Capital Management LLC’s holdings in Digital Realty Trust were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Gladstone Institutional Advisory LLC raised its position in Digital Realty Trust by 1.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after purchasing an additional 72 shares in the last quarter. Schechter Investment Advisors LLC raised its position in Digital Realty Trust by 2.4% during the fourth quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock valued at $450,000 after purchasing an additional 78 shares in the last quarter. Gables Capital Management Inc. raised its position in Digital Realty Trust by 62.5% during the fourth quarter. Gables Capital Management Inc. now owns 260 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. First Financial Corp IN raised its position in Digital Realty Trust by 46.6% during the fourth quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Finally, SVB Wealth LLC raised its position in Digital Realty Trust by 1.0% during the fourth quarter. SVB Wealth LLC now owns 10,760 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 106 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DLR shares. Evercore ISI reiterated an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a report on Wednesday, March 27th. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $144.00 to $170.00 in a report on Wednesday. Royal Bank of Canada upped their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Finally, Citigroup upped their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $146.06.

Digital Realty Trust Stock Performance

Shares of DLR opened at $146.86 on Thursday. The stock has a market capitalization of $45.88 billion, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 19.17 and a beta of 0.57. The firm’s fifty day simple moving average is $143.90 and its two-hundred day simple moving average is $141.43. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 12 month low of $107.19 and a 12 month high of $154.18.

Digital Realty Trust Announces Dividend

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 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 3.32%. Digital Realty Trust’s dividend payout ratio (DPR) 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.