Centersquare Investment Management LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,953,058 shares of the real estate investment trust's stock after selling 85,047 shares during the quarter. Digital Realty Trust comprises about 5.5% of Centersquare Investment Management LLC's investment portfolio, making the stock its 4th biggest position. Centersquare Investment Management LLC owned 0.89% of Digital Realty Trust worth $523,666,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust in the 4th quarter worth approximately $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in shares of Digital Realty Trust by 480.6% during the fourth 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 in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.
Digital Realty Trust Stock Performance
Shares of Digital Realty Trust stock traded down $0.86 during trading on Monday, hitting $136.64. 3,818,390 shares of the stock were exchanged, compared to its average volume of 2,006,149. Digital Realty Trust, Inc. has a 12 month low of $130.78 and a 12 month high of $198.00. The stock has a market cap of $46.00 billion, a PE ratio of 84.35, a P/E/G ratio of 4.38 and a beta of 0.92. The stock's fifty day moving average is $156.26 and its 200 day moving average is $169.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (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, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.
Digital Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's dividend payout ratio is 301.23%.
Analysts Set New Price Targets
DLR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. JMP Securities reissued a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. StockNews.com downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Barclays cut their target price 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. Finally, Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target for the company in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have given 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.33.
Check Out Our Latest Stock Report on DLR
Digital Realty Trust Company Profile
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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.
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