Clearbridge Investments LLC Sells 2,893 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Clearbridge Investments LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,523 shares of the real estate investment trust's stock after selling 2,893 shares during the period. Clearbridge Investments LLC's holdings in Digital Realty Trust were worth $19,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DLR. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the fourth quarter worth approximately $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in shares of 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 purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research analyst reports. Truist Financial lowered their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Scotiabank upgraded Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $184.33.

Remove Ads

Digital Realty Trust Price Performance

DLR traded down $3.64 during midday trading on Friday, reaching $137.45. 3,800,290 shares of the company's stock were exchanged, compared to its average volume of 1,995,404. 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 business has a 50-day simple moving average of $156.26 and a two-hundred day simple moving average of $169.20. The firm has a market capitalization of $46.27 billion, a price-to-earnings ratio of 84.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a one year low of $135.53 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS 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%. As a group, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS 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. This represents a $4.88 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's payout ratio is 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.