Russell Investments Group Ltd. Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Russell Investments Group Ltd. raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,118,834 shares of the real estate investment trust’s stock after acquiring an additional 253,755 shares during the quarter. Digital Realty Trust makes up 0.5% of Russell Investments Group Ltd.’s investment portfolio, making the stock its 22nd largest position. Russell Investments Group Ltd. owned approximately 0.70% of Digital Realty Trust worth $285,513,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Baldwin Brothers LLC MA increased its holdings in Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of Digital Realty Trust during the 3rd quarter worth about $27,000. Bfsg LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $32,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Citigroup raised their target price on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Scotiabank cut shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price on the stock. in a research report on Friday, February 16th. Finally, StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.33.

Digital Realty Trust Stock Up 0.9 %

Shares of DLR traded up $1.34 during mid-day trading on Friday, reaching $142.83. 1,798,207 shares of the stock traded hands, compared to its average volume of 1,403,621. The firm has a market cap of $44.60 billion, a price-to-earnings ratio of 48.10, a P/E/G ratio of 3.22 and a beta of 0.54. The stock has a fifty day simple moving average of $141.81 and a 200 day simple moving average of $136.68. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 dividend payout ratio is currently 164.31%.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction 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 completion of the sale, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.39% of the company’s stock.

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.