Corebridge Financial Inc. lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,547 shares of the real estate investment trust's stock after selling 3,379 shares during the period. Corebridge Financial Inc.'s holdings in Digital Realty Trust were worth $14,106,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Digital Realty Trust in the third quarter worth approximately $354,000. Cerity Partners LLC increased its stake in shares of Digital Realty Trust by 63.6% during the third quarter. Cerity Partners LLC now owns 46,355 shares of the real estate investment trust's stock valued at $7,502,000 after purchasing an additional 18,024 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in Digital Realty Trust by 11.9% during the third quarter. Kingsview Wealth Management LLC now owns 2,549 shares of the real estate investment trust's stock valued at $413,000 after buying an additional 272 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Digital Realty Trust by 22.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,868 shares of the real estate investment trust's stock valued at $788,000 after purchasing an additional 881 shares in the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Digital Realty Trust during the 3rd quarter valued at about $201,000. 99.71% of the stock is owned by institutional investors.
Digital Realty Trust Stock Down 2.0 %
NYSE DLR traded down $2.85 during trading on Friday, reaching $142.10. 2,799,189 shares of the company's stock traded hands, compared to its average volume of 1,963,855. The firm has a market cap of $47.84 billion, a price-to-earnings ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company's 50 day simple moving average is $160.10 and its two-hundred day simple moving average is $169.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00.
Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's payout ratio is currently 301.23%.
Analyst Ratings Changes
A number of research firms have recently issued reports on DLR. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. StockNews.com downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Finally, Mizuho decreased their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $180.32.
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Digital Realty Trust Company Profile
(
Free Report)
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.
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