Lasalle Investment Management Securities LLC Has $127.66 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Lasalle Investment Management Securities LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 719,924 shares of the real estate investment trust's stock after selling 190,143 shares during the quarter. Digital Realty Trust accounts for about 5.4% of Lasalle Investment Management Securities LLC's investment portfolio, making the stock its 6th largest holding. Lasalle Investment Management Securities LLC owned 0.22% of Digital Realty Trust worth $127,664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth $35,000. Versant Capital Management Inc raised its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $37,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. JMP Securities reiterated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Barclays decreased 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 report on Thursday, March 20th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Digital Realty Trust in a report on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $183.68.

Digital Realty Trust Trading Up 4.6 %

DLR traded up $7.02 during trading on Friday, reaching $160.77. The company had a trading volume of 2,157,661 shares, compared to its average volume of 2,043,213. 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 $150.21 and a 200-day simple moving average of $167.59. The stock has a market cap of $54.14 billion, a P/E ratio of 98.94, a PEG ratio of 4.38 and a beta of 0.92. 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 released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) 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%. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.04%. Digital Realty Trust's payout ratio is 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.