Allstate Corp Acquires 6,029 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Allstate Corp increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 38.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,567 shares of the real estate investment trust's stock after buying an additional 6,029 shares during the period. Allstate Corp's holdings in Digital Realty Trust were worth $3,824,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Stolper Co raised its position in shares of Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock valued at $2,243,000 after acquiring an additional 64 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after purchasing an additional 64 shares during the period. TD Private Client Wealth LLC lifted its stake in Digital Realty Trust by 6.6% in the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 67 shares during the period. Catalina Capital Group LLC boosted its holdings in Digital Realty Trust by 3.1% during the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after buying an additional 72 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in shares of Digital Realty Trust by 25.9% during the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after buying an additional 73 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on DLR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target on the stock in a research report on Tuesday, February 18th. JMP Securities restated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Barclays dropped their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Finally, Mizuho decreased their target price 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $180.32.

Digital Realty Trust Stock Up 1.7 %

NYSE:DLR traded up $2.44 on Wednesday, hitting $148.49. 767,416 shares of the company's stock were exchanged, compared to its average volume of 1,969,133. The company has a market cap of $49.99 billion, a P/E ratio of 91.66, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The firm has a 50-day moving average price of $158.65 and a 200-day moving average price of $169.71. 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 52 week low of $135.54 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 return on equity of 2.97% and a net margin of 10.85%. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. 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.