Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Lessened by Cohen & Steers Inc.

Cohen & Steers Inc. trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,167,238 shares of the real estate investment trust's stock after selling 2,413,087 shares during the quarter. Digital Realty Trust accounts for approximately 7.4% of Cohen & Steers Inc.'s portfolio, making the stock its 2nd largest holding. Cohen & Steers Inc. owned about 6.68% of Digital Realty Trust worth $3,930,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Digital Realty Trust during the fourth quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc grew its holdings in Digital Realty Trust by 480.6% during 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 purchased a new stake in Digital Realty Trust in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Up 1.8 %

NYSE DLR traded up $2.65 during trading hours on Friday, hitting $150.83. 2,040,326 shares of the company were exchanged, compared to its average volume of 2,030,420. 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 firm has a market cap of $50.79 billion, a price-to-earnings ratio of 93.10, a PEG ratio of 4.38 and a beta of 0.92. The company has a 50 day moving average of $151.60 and a two-hundred day moving average of $167.86. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

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

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.24%. Digital Realty Trust's dividend payout ratio is presently 301.23%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Citigroup cut their price target on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday. Wells Fargo & Company cut their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. JMP Securities restated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.79.

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.