American Century Companies Inc. increased its holdings in Digital Realty (NYSE:DLR) by 93.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,213 shares of the real estate investment trust’s stock after purchasing an additional 89,311 shares during the period. American Century Companies Inc. owned 0.09% of Digital Realty worth $19,518,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Afam Capital Inc. grew its position in shares of Digital Realty by 1.0% in the fourth quarter. Afam Capital Inc. now owns 54,462 shares of the real estate investment trust’s stock valued at $6,203,000 after purchasing an additional 543 shares during the period. Harrington Investments INC boosted its holdings in Digital Realty by 4.5% in the fourth quarter. Harrington Investments INC now owns 14,442 shares of the real estate investment trust’s stock valued at $1,645,000 after acquiring an additional 625 shares during the last quarter. American Investment Services Inc. boosted its holdings in Digital Realty by 15.2% in the fourth quarter. American Investment Services Inc. now owns 4,924 shares of the real estate investment trust’s stock valued at $561,000 after acquiring an additional 649 shares during the last quarter. Shoker Investment Counsel Inc. boosted its holdings in Digital Realty by 35.6% in the fourth quarter. Shoker Investment Counsel Inc. now owns 2,513 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 660 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Digital Realty by 50.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,089 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 700 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.
Shares of Digital Realty opened at $105.50 on Friday, according to MarketBeat Ratings. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.41 and a beta of -0.02. Digital Realty has a 12 month low of $106.28 and a 12 month high of $107.17. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.33 and a current ratio of 0.33.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, June 14th. Digital Realty’s dividend payout ratio is presently 65.80%.
In other Digital Realty news, SVP Christopher Kenney sold 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the transaction, the senior vice president now owns 10,000 shares in the company, valued at $1,034,700. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.43% of the company’s stock.
DLR has been the topic of a number of research analyst reports. Credit Suisse Group set a $95.00 target price on Digital Realty and gave the company a “hold” rating in a report on Saturday, February 17th. Citigroup upgraded Digital Realty from a “neutral” rating to a “buy” rating and lifted their target price for the company from $105.12 to $120.00 in a report on Wednesday, February 14th. Moffett Nathanson initiated coverage on Digital Realty in a report on Monday, April 9th. They issued a “hold” rating and a $115.00 target price on the stock. Zacks Investment Research upgraded Digital Realty from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Raymond James upgraded Digital Realty from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $122.06.
Digital Realty Profile
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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