Tokio Marine Asset Management Co. Ltd. Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Tokio Marine Asset Management Co. Ltd. grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,534 shares of the real estate investment trust’s stock after acquiring an additional 440 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Digital Realty Trust were worth $1,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. increased its stake in Digital Realty Trust by 33.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 14,392 shares of the real estate investment trust’s stock worth $1,938,000 after buying an additional 3,599 shares during the period. Bfsg LLC purchased a new position in Digital Realty Trust in the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd increased its stake in Digital Realty Trust by 49.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,077 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 687 shares during the period. Cumberland Partners Ltd bought a new position in Digital Realty Trust during the 4th quarter worth about $1,871,000. Finally, GAMMA Investing LLC bought a new position in Digital Realty Trust during the 4th quarter worth about $345,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $142.85 on Friday. The firm has a market capitalization of $44.61 billion, a P/E ratio of 48.10, a PEG ratio of 3.22 and a beta of 0.54. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $141.81 and a 200 day moving average price of $136.68. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is currently 164.31%.

Analysts Set New Price Targets

DLR has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $144.00 target price on shares of Digital Realty Trust in a report on Friday, February 16th. Citigroup increased their target price 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. Morgan Stanley increased their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Scotiabank cut shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price on the stock. in a report on Friday, February 16th. Finally, Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $143.33.

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.