Chiron Investment Management LLC Acquires 9,820 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Chiron Investment Management LLC increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 118.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,086 shares of the real estate investment trust's stock after purchasing an additional 9,820 shares during the quarter. Chiron Investment Management LLC's holdings in Digital Realty Trust were worth $3,207,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after acquiring an additional 469,823 shares in the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $3,858,428,000. Geode Capital Management LLC lifted its position in shares of Digital Realty Trust by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock worth $1,508,612,000 after purchasing an additional 281,704 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Digital Realty Trust by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust's stock worth $700,486,000 after purchasing an additional 79,322 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after purchasing an additional 607,132 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DLR shares. Mizuho cut their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. 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 note on Wednesday, January 15th. Finally, Barclays lowered their price target on 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. Two equities research analysts have rated the stock with a sell rating, four have assigned 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $183.79.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $2.65 during mid-day trading on Friday, reaching $150.83. 2,040,326 shares of the company were exchanged, compared to its average volume of 2,032,548. The firm has a market cap of $50.79 billion, a PE ratio of 93.10, a PEG ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a fifty day simple moving average of $151.31 and a 200-day simple moving average of $167.79.

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

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.24%. Digital Realty Trust's payout ratio is currently 301.23%.

About Digital Realty Trust

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.