Edgestream Partners L.P. purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,716 shares of the real estate investment trust's stock, valued at approximately $1,723,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Callan Family Office LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at $248,000. Candriam S.C.A. increased its stake in shares of Digital Realty Trust by 5.9% in the 4th quarter. Candriam S.C.A. now owns 23,234 shares of the real estate investment trust's stock valued at $4,120,000 after buying an additional 1,295 shares during the period. Inceptionr LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $1,067,000. Raymond James Financial Inc. acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $125,336,000. Finally, Arizona State Retirement System increased its stake in shares of Digital Realty Trust by 1.0% in the 4th quarter. Arizona State Retirement System now owns 94,003 shares of the real estate investment trust's stock valued at $16,670,000 after buying an additional 961 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Stock Down 3.9 %
Shares of DLR traded down $5.90 during midday trading on Thursday, hitting $145.77. The stock had a trading volume of 2,442,592 shares, compared to its average volume of 2,512,487. The company has a 50 day simple moving average of $166.28 and a two-hundred day simple moving average of $169.78. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The firm has a market cap of $49.07 billion, a price-to-earnings ratio of 89.98, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.
Digital Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust's dividend payout ratio is currently 301.23%.
Analyst Ratings Changes
Several equities research analysts have recently commented on DLR shares. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Truist Financial reduced their price target on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $180.11.
Read Our Latest Research Report on DLR
About Digital Realty Trust
(
Free Report)
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.
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