Pictet Asset Management Holding SA decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,211,270 shares of the real estate investment trust's stock after selling 105,106 shares during the quarter. Pictet Asset Management Holding SA owned about 0.67% of Digital Realty Trust worth $392,125,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc raised its holdings in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after buying an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at $37,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty Trust Price Performance
Shares of DLR traded up $1.06 during trading hours on Tuesday, hitting $144.35. 520,772 shares of the stock were exchanged, compared to its average volume of 2,497,029. The stock's 50-day moving average price is $159.40 and its two-hundred day moving average price is $169.80. The company has a market cap of $48.60 billion, a price-to-earnings ratio of 89.11, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. 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, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results 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 return on equity of 2.97% and a net margin of 10.85%. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current 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 issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio is currently 301.23%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Wells Fargo & Company decreased their target price 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. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. 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's stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $180.32.
Read Our Latest Analysis on DLR
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.
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