Allspring Global Investments Holdings LLC Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Allspring Global Investments Holdings LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,366 shares of the real estate investment trust’s stock after selling 1,078 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Digital Realty Trust were worth $2,213,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its position in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares during the last quarter. GoalVest Advisory LLC acquired a new position in Digital Realty Trust in the 1st quarter valued at about $29,000. Baldwin Brothers LLC MA grew its stake in shares of Digital Realty Trust by 528.6% in the 4th 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 acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $31,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at approximately $34,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.5 %

DLR stock opened at $152.93 on Wednesday. The stock has a market capitalization of $47.78 billion, a PE ratio of 42.46, a price-to-earnings-growth ratio of 19.91 and a beta of 0.59. The company has a fifty day moving average of $144.99 and a 200-day moving average of $141.85. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. Digital Realty Trust, Inc. has a one year low of $112.38 and a one year high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s payout ratio is 135.56%.

Analysts Set New Price Targets

Several research analysts recently weighed in on DLR shares. TD Cowen increased their price objective on Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. UBS Group boosted their price objective 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. HSBC lifted their price target on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research report on Friday, May 3rd. The Goldman Sachs Group began coverage on shares of Digital Realty Trust in a report on Monday. They issued a “buy” rating and a $175.00 target price for the company. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.42.

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.