Cinctive Capital Management LP Has $1.94 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Cinctive Capital Management LP lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 69.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth $35,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $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 purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded down $3.64 during midday trading on Friday, reaching $137.45. 3,800,290 shares of the company traded hands, compared to its average volume of 1,998,828. The company has a market cap of $46.27 billion, a price-to-earnings ratio of 84.85, a PEG ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The stock has a 50-day moving average price of $156.26 and a 200 day moving average price of $169.20. Digital Realty Trust, Inc. has a 52 week low of $135.53 and a 52 week high of $198.00.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio is presently 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent research reports. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Mizuho lowered their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Truist Financial decreased their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a report on Monday, March 10th. JMP Securities reiterated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Scotiabank upgraded 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the 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 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.