Natixis Purchases 48,431 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Natixis boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 197.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,017 shares of the real estate investment trust’s stock after buying an additional 48,431 shares during the period. Natixis’ holdings in Digital Realty Trust were worth $10,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC increased its position in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares in the last quarter. GoalVest Advisory LLC bought a new stake in Digital Realty Trust in the 1st quarter valued at about $29,000. Bfsg LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth approximately $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $32,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent research reports. Evercore ISI restated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $150.00 to $175.00 in a report on Friday, June 28th. UBS Group lifted their price objective on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. HSBC lifted their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $152.30.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded down $4.29 during mid-day trading on Thursday, reaching $147.37. 2,420,910 shares of the company’s stock were exchanged, compared to its average volume of 1,906,105. The firm has a market capitalization of $46.04 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 11.30 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average price of $149.48 and a two-hundred day moving average price of $144.30.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

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.