BI Asset Management Fondsmaeglerselskab A S Has $5 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 59.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,199 shares of the real estate investment trust's stock after selling 40,508 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Digital Realty Trust were worth $5,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Digital Realty Trust during the third quarter valued at approximately $657,000. Synovus Financial Corp lifted its holdings in shares of Digital Realty Trust by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust's stock worth $1,057,000 after buying an additional 421 shares during the period. Retirement Systems of Alabama increased its holdings in Digital Realty Trust by 2.6% during the third quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust's stock valued at $41,090,000 after buying an additional 6,360 shares during the period. FFG Partners LLC purchased a new stake in shares of Digital Realty Trust during the third quarter valued at about $10,446,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in Digital Realty Trust by 13.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust's stock worth $559,000 after buying an additional 424 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $6.35 during trading hours on Friday, reaching $160.10. 3,386,280 shares of the company's stock were exchanged, compared to its average volume of 2,047,720. 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 fifty-two week low of $129.95 and a fifty-two week high of $198.00. The business has a fifty day moving average price of $150.21 and a 200-day moving average price of $167.59. The stock has a market capitalization of $53.91 billion, a P/E ratio of 98.83, a P/E/G ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JMP Securities reiterated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Citigroup dropped their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Mizuho lowered their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Finally, StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $183.68.

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.