Digital Realty Trust, Inc. (NYSE:DLR) is Hazelview Securities Inc.’s 2nd Largest Position

Hazelview Securities Inc. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 126.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 312,200 shares of the real estate investment trust’s stock after acquiring an additional 174,610 shares during the period. Digital Realty Trust comprises approximately 8.4% of Hazelview Securities Inc.’s investment portfolio, making the stock its 2nd biggest holding. Hazelview Securities Inc. owned approximately 0.10% of Digital Realty Trust worth $44,304,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC grew its holdings in Digital Realty Trust by 21.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 36,328 shares of the real estate investment trust’s stock worth $5,233,000 after acquiring an additional 6,494 shares in the last quarter. Gilman Hill Asset Management LLC boosted its stake in shares of Digital Realty Trust by 12.0% during the first quarter. Gilman Hill Asset Management LLC now owns 6,114 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 655 shares in the last quarter. CHICAGO TRUST Co NA purchased a new position in Digital Realty Trust during the first quarter valued at approximately $235,000. Rheos Capital Works Inc. bought a new position in Digital Realty Trust in the first quarter worth approximately $9,363,000. Finally, Ballentine Partners LLC lifted its holdings in Digital Realty Trust by 9.7% during the first quarter. Ballentine Partners LLC now owns 7,279 shares of the real estate investment trust’s stock worth $1,048,000 after buying an additional 641 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

DLR stock traded down $0.14 during mid-day trading on Wednesday, reaching $146.30. The company’s stock had a trading volume of 762,724 shares, compared to its average volume of 1,966,461. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $143.90 and its two-hundred day moving average is $141.43. Digital Realty Trust, Inc. has a fifty-two week low of $107.19 and a fifty-two week high of $154.18. The stock has a market cap of $45.71 billion, a PE ratio of 40.98, a P/E/G ratio of 19.17 and a beta of 0.57.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLR. Citigroup boosted their price target on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. TD Cowen lifted their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada boosted their target price on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $146.06.

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.