Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2,588.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,979 shares of the real estate investment trust's stock after buying an additional 51,971 shares during the quarter. Bridgewater Associates LP's holdings in Digital Realty Trust were worth $9,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Digital Realty Trust during the third quarter worth approximately $657,000. Synovus Financial Corp raised its holdings in shares of Digital Realty Trust by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust's stock valued at $1,057,000 after purchasing an additional 421 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Digital Realty Trust by 2.6% during the third quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust's stock worth $41,090,000 after purchasing an additional 6,360 shares in the last quarter. FFG Partners LLC acquired a new stake in Digital Realty Trust in the third quarter valued at $10,446,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Digital Realty Trust by 13.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust's stock worth $559,000 after buying an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DLR shares. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company lowered 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 report on Tuesday, February 4th. Barclays cut their price target on shares of 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. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, JMP Securities reissued a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $184.33.

Digital Realty Trust Trading Up 1.6 %

Shares of Digital Realty Trust stock opened at $148.53 on Thursday. 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 company's 50-day simple moving average is $151.91 and its 200-day simple moving average is $167.93. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The firm has a market cap of $50.02 billion, a price-to-earnings ratio of 91.69, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92.

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 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, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a yield of 3.29%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

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.

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