Digital Realty Trust, Inc. (NYSE:DLR) Stake Boosted by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 70.5% in the third quarter, HoldingsChannel reports. The firm owned 14,510 shares of the real estate investment trust’s stock after purchasing an additional 6,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Digital Realty Trust were worth $2,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its holdings in shares of Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after acquiring an additional 117,461 shares during the period. Canada Pension Plan Investment Board boosted its stake in Digital Realty Trust by 3.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after purchasing an additional 146,183 shares during the period. Legal & General Group Plc grew its position in Digital Realty Trust by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Digital Realty Trust by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after purchasing an additional 228,585 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Digital Realty Trust by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock worth $357,518,000 after buying an additional 60,821 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DLR. Jefferies Financial Group lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen increased their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Truist Financial increased their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, nine 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Price Performance

NYSE DLR opened at $195.31 on Thursday. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $195.93. The stock’s 50-day moving average price is $171.67 and its two-hundred day moving average price is $157.53. The company has a market cap of $64.79 billion, a PE ratio of 164.13, a PEG ratio of 5.12 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company posted $1.62 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.50%. Digital Realty Trust’s dividend payout ratio is 410.08%.

Digital Realty Trust Profile

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.