Cinctive Capital Management LP Reduces Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Cinctive Capital Management LP cut its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 69.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,965 shares of the real estate investment trust's stock after selling 24,361 shares during the quarter. Cinctive Capital Management LP's holdings in Digital Realty Trust were worth $1,944,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DLR. Sierra Ocean LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $35,000. Versant Capital Management Inc boosted its holdings in 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 valued at $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new position in Digital Realty Trust during the 4th quarter worth approximately $37,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on DLR. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, Wells Fargo & Company lowered 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 note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $184.33.

Digital Realty Trust Stock Up 2.0 %

Digital Realty Trust stock traded up $2.70 during trading on Tuesday, hitting $139.37. 1,111,525 shares of the company were exchanged, compared to its average volume of 2,002,835. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The business's 50 day moving average is $155.70 and its 200 day moving average is $169.20. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a market capitalization of $46.92 billion, a P/E ratio of 86.27, 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 net margin of 10.85% and a return on equity of 2.97%. Analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.50%. Digital Realty Trust's dividend payout ratio is currently 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.