Nomura Asset Management Co. Ltd. Raises Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Nomura Asset Management Co. Ltd. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 422,897 shares of the real estate investment trust’s stock after acquiring an additional 9,801 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Digital Realty Trust were worth $56,913,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DLR. Norges Bank purchased a new stake in Digital Realty Trust in the fourth quarter worth about $2,141,890,000. Resolution Capital Ltd lifted its stake in Digital Realty Trust by 106.7% in the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock worth $284,532,000 after acquiring an additional 1,213,526 shares during the period. Vanguard Group Inc. lifted its stake in Digital Realty Trust by 2.1% in the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after acquiring an additional 971,032 shares during the period. FMR LLC lifted its stake in Digital Realty Trust by 4.8% in the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock worth $1,046,522,000 after acquiring an additional 394,682 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Digital Realty Trust by 1,825.0% in the third quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock worth $48,623,000 after acquiring an additional 380,904 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

NYSE DLR traded up $0.52 during trading hours on Friday, reaching $142.77. The stock had a trading volume of 1,122,255 shares, compared to its average volume of 2,570,588. The stock has a fifty day moving average of $141.41 and a 200 day moving average of $139.54. The stock has a market cap of $44.61 billion, a P/E ratio of 39.66 and a beta of 0.55. Digital Realty Trust, Inc. has a 52-week low of $88.88 and a 52-week high of $154.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following 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 is available through this link. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective 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. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. Scotiabank downgraded shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price for the company. in a report on Friday, February 16th. Barclays boosted their target price on shares of Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. Finally, Citigroup boosted their target price on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $142.65.

Digital Realty Trust 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.