O Shaughnessy Asset Management LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 20.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,141 shares of the real estate investment trust's stock after acquiring an additional 3,756 shares during the period. O Shaughnessy Asset Management LLC's holdings in Digital Realty Trust were worth $3,926,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $3,858,428,000. Point72 Asset Management L.P. purchased a new stake in shares of Digital Realty Trust during the third quarter valued at $132,980,000. Raymond James Financial Inc. acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $125,336,000. Vanguard Group Inc. raised 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 worth $9,124,193,000 after acquiring an additional 469,823 shares during the last quarter. Finally, National Pension Service lifted its position in Digital Realty Trust by 88.8% during the 4th quarter. National Pension Service now owns 788,426 shares of the real estate investment trust's stock worth $139,812,000 after acquiring an additional 370,835 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on DLR. Deutsche Bank Aktiengesellschaft upgraded 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. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Barclays decreased their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Finally, Truist Financial reduced their price objective on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $184.33.
Check Out Our Latest Analysis on Digital Realty Trust
Digital Realty Trust Price Performance
NYSE:DLR traded down $3.64 during trading hours on Friday, reaching $137.45. 3,800,290 shares of the company were exchanged, compared to its average volume of 1,995,404. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a market cap of $46.27 billion, a PE ratio of 84.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a twelve month low of $135.53 and a twelve month high of $198.00. The stock's 50-day moving average is $156.26 and its 200-day moving average is $169.20.
Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's dividend payout ratio is currently 301.23%.
Digital Realty Trust Profile
(
Free Report)
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.
Further Reading
Before you consider Digital Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Digital Realty Trust wasn't on the list.
While Digital Realty Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
