AIA Group Ltd Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

AIA Group Ltd purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, HoldingsChannel reports. The firm purchased 17,100 shares of the real estate investment trust’s stock, valued at approximately $2,301,000.

A number of other hedge funds have also made changes to their positions in DLR. Norges Bank purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $442,477,000. Resolution Capital Ltd increased its position in Digital Realty Trust by 106.7% during the 3rd quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock worth $284,532,000 after purchasing an additional 1,213,526 shares in the last quarter. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.1% during 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 in the last quarter. Heitman Real Estate Securities LLC increased its position in Digital Realty Trust by 503.3% during the 2nd quarter. Heitman Real Estate Securities LLC now owns 1,002,134 shares of the real estate investment trust’s stock worth $114,113,000 after purchasing an additional 836,039 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Digital Realty Trust by 40.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,748,087 shares of the real estate investment trust’s stock worth $312,925,000 after purchasing an additional 793,445 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on DLR shares. Morgan Stanley lifted their price objective on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $135.00 to $155.00 in a research note on Tuesday, April 9th. Evercore ISI reissued an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $144.00 price target on shares of Digital Realty Trust in a research note on Friday, February 16th. Finally, Scotiabank lowered Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $143.33.

Digital Realty Trust Stock Performance

NYSE DLR opened at $136.79 on Friday. The firm has a market capitalization of $42.72 billion, a P/E ratio of 46.01, a P/E/G ratio of 3.08 and a beta of 0.54. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50-day simple moving average is $142.29 and its 200-day simple moving average is $135.77.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.57%. Digital Realty Trust’s payout ratio is currently 164.31%.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

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.