Digital Realty Trust, Inc. (NYSE:DLR) Position Reduced by Assetmark Inc.

Assetmark Inc. cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 71.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,039 shares of the real estate investment trust's stock after selling 2,605 shares during the period. Assetmark Inc.'s holdings in Digital Realty Trust were worth $184,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Smithfield Trust Co grew its holdings in Digital Realty Trust by 600.0% during the 4th quarter. Smithfield Trust Co now owns 350 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 300 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Digital Realty Trust by 9.1% during the fourth quarter. Keybank National Association OH now owns 22,251 shares of the real estate investment trust's stock valued at $3,946,000 after acquiring an additional 1,856 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in Digital Realty Trust during the 4th quarter worth about $339,000. Synergy Investment Management LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at about $142,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Digital Realty Trust by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust's stock valued at $644,196,000 after purchasing an additional 122,090 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DLR shares. Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. StockNews.com downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. 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. Stifel Nicolaus increased their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $180.11.

Digital Realty Trust Stock Up 2.3 %

Shares of NYSE DLR traded up $3.37 on Monday, hitting $151.94. The company had a trading volume of 2,224,659 shares, compared to its average volume of 1,862,156. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The firm has a market capitalization of $51.15 billion, a P/E ratio of 93.79, a PEG ratio of 4.38 and a beta of 0.65. The business has a 50 day moving average of $165.62 and a two-hundred day moving average of $170.04.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results 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 return on equity of 2.97% and a net margin of 10.85%. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share 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. Shareholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.21%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Digital Realty Trust Company 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.