Generali Asset Management SPA SGR Purchases New Position in Digital Realty Trust, Inc. (NYSE:DLR)

Generali Asset Management SPA SGR acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,647 shares of the real estate investment trust's stock, valued at approximately $2,775,000.

Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter worth $35,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth $35,000. Versant Capital Management Inc boosted its position in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DLR shares. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Truist Financial decreased their price objective on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective for the company in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $179.95.

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Digital Realty Trust Stock Up 3.4 %

NYSE:DLR traded up $5.08 during mid-day trading on Monday, hitting $155.46. The stock had a trading volume of 2,023,040 shares, compared to its average volume of 1,868,196. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The stock has a 50-day simple moving average of $162.82 and a two-hundred day simple moving average of $170.06. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $52.33 billion, a PE ratio of 95.96, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.