Bessemer Group Inc. Increases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Bessemer Group Inc. boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 102.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,528 shares of the real estate investment trust’s stock after purchasing an additional 9,865 shares during the period. Bessemer Group Inc.’s holdings in Digital Realty Trust were worth $2,813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC boosted its position in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the last quarter. GoalVest Advisory LLC purchased a new position in shares of Digital Realty Trust during the 1st quarter valued at about $29,000. Bfsg LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at about $31,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at about $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at about $32,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 0.4 %

Shares of NYSE DLR traded down $0.61 during trading hours on Thursday, hitting $151.05. 503,097 shares of the company traded hands, compared to its average volume of 1,891,861. The stock has a market capitalization of $47.19 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 11.30 and a beta of 0.59. 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 price is $149.48 and its 200 day moving average price is $144.30. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLR. Morgan Stanley lifted their price objective on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group began coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price objective on the stock. TD Cowen lifted their price objective on Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Wells Fargo & Company boosted their price target on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $152.30.

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.