Capital Research Global Investors Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Capital Research Global Investors reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,095,862 shares of the real estate investment trust's stock after selling 69,309 shares during the quarter. Capital Research Global Investors owned approximately 0.63% of Digital Realty Trust worth $371,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Stolper Co boosted its position in shares of Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock valued at $2,243,000 after purchasing an additional 64 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after acquiring an additional 64 shares in the last quarter. Catalina Capital Group LLC grew its holdings in Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after acquiring an additional 72 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Digital Realty Trust by 25.9% during the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after buying an additional 73 shares during the last quarter. Finally, Legacy Financial Advisors Inc. raised its holdings in Digital Realty Trust by 5.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 74 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial decreased their price objective on shares of 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 dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Finally, JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.68.

Digital Realty Trust Trading Up 1.8 %

NYSE DLR traded up $2.74 on Wednesday, reaching $151.63. The company had a trading volume of 1,784,973 shares, compared to its average volume of 2,040,987. The stock's 50 day moving average is $150.66 and its 200-day moving average is $167.72. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week 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 cap of $51.06 billion, a price-to-earnings ratio of 93.60, a PEG ratio of 4.38 and a beta of 0.92.

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 the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.22%. Digital Realty Trust's dividend payout ratio is currently 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.