DnB Asset Management Increases Stake in Digital Realty Trust

DnB Asset Management AS has raised its stake in Digital Realty Trust, Inc. 15.4% during the second quarter, according to its recent filing with the Securities and Exchange Commission. The firm now owns 63,048 shares of the real estate investment trust’s stock, worth $7,179,000. Other hedge funds, including Carolinas Wealth Consulting LLC, GPS Wealth Strategies Group LLC, Clear Street Markets LLC, Lindbrook Capital LLC, and Ridgewood Investments LLC, have also increased their positions in Digital Realty Trust.

In other news, Digital Realty Trust insider Cindy Fiedelman sold 2,770 shares of the company’s stock in a transaction on July 28th, with an average price of $125.00 per share.

Several Wall Street analysts have recently issued reports on Digital Realty Trust. StockNews.com has given the stock a “sell” rating, while Citigroup has given it a “buy” rating. Deutsche Bank Aktiengesellschaft lowered their rating from “buy” to “hold”, and Raymond James lowered their target price for the stock. Royal Bank of Canada, on the other hand, raised their target price and gave the stock an “outperformer” rating. Overall, Digital Realty Trust has an average rating of “hold” with an average price target of $120.93.

Shares of Digital Realty Trust opened at $128.75 on Friday. The company has a current ratio of 0.58 and a debt-to-equity ratio of 1.02. Its 50-day simple moving average is $123.60, and its 200-day simple moving average is $108.28. With a market cap of $38.97 billion, Digital Realty Trust has a PE ratio of 99.81 and a beta of 0.54.

Digital Realty Trust has also announced a quarterly dividend of $1.22 per share, which will be paid on September 29th to stockholders of record on September 15th. This represents an annualized dividend of $4.88 and a dividend yield of 3.79%.

Digital Realty Trust brings together companies and data providing data center, colocation, and interconnection solutions. The company’s global data center platform, PlatformDIGITAL, offers a secure data “meeting place” and a proven Pervasive Datacenter Architecture (PDx) solution methodology.

Sources:
– Securities and Exchange Commission (SEC)
– MarketBeat
– NYSE:DLR – Free Report
– Digital Realty Trust, Inc. (NYSE:DLR)