Advisors Asset Management Inc. Purchases 3,472 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Advisors Asset Management Inc. grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,172 shares of the real estate investment trust's stock after purchasing an additional 3,472 shares during the quarter. Advisors Asset Management Inc.'s holdings in Digital Realty Trust were worth $7,124,000 as of its most recent SEC filing.

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

Digital Realty Trust Stock Down 0.4 %

Digital Realty Trust stock traded down $0.65 during trading hours on Friday, hitting $150.76. The stock had a trading volume of 4,766,080 shares, compared to its average volume of 1,867,575. The stock's 50-day moving average price is $162.82 and its 200-day moving average price is $169.91. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $50.75 billion, a P/E ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Remove Ads

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

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.24%. Digital Realty Trust's payout ratio is 301.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com cut Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Barclays decreased their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday. 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. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $179.95.

About Digital Realty Trust

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.