Stevens Capital Management LP Makes New $1.20 Million Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Stevens Capital Management LP purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,884 shares of the real estate investment trust’s stock, valued at approximately $1,196,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Syon Capital LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth $225,000. Lyell Wealth Management LP boosted its position in Digital Realty Trust by 12.0% during the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after buying an additional 5,197 shares during the period. Disciplined Equity Management Inc. acquired a new stake in Digital Realty Trust in the fourth quarter valued at $67,000. Tokio Marine Asset Management Co. Ltd. grew its stake in Digital Realty Trust by 6.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,534 shares of the real estate investment trust’s stock worth $1,014,000 after purchasing an additional 440 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in Digital Realty Trust by 33.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 14,392 shares of the real estate investment trust’s stock worth $1,938,000 after acquiring an additional 3,599 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded up $1.34 during mid-day trading on Friday, reaching $142.83. The company’s stock had a trading volume of 1,798,140 shares, compared to its average volume of 1,956,292. The firm’s fifty day moving average price is $141.67 and its two-hundred day moving average price is $136.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18. The company has a market capitalization of $44.60 billion, a P/E ratio of 48.09, a PEG ratio of 3.20 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research reports. Citigroup upped their price target on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Stifel Nicolaus boosted their target price on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Truist Financial increased their price target on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $143.33.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s 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 transaction, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.

Digital Realty Trust Company 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.