Pinebridge Investments L.P. Sells 6,475 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Pinebridge Investments L.P. trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,259 shares of the real estate investment trust's stock after selling 6,475 shares during the quarter. Pinebridge Investments L.P.'s holdings in Digital Realty Trust were worth $19,907,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in Digital Realty Trust by 71.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 742,238 shares of the real estate investment trust's stock worth $131,623,000 after acquiring an additional 308,481 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of Digital Realty Trust by 88.2% in the 4th quarter. Dark Forest Capital Management LP now owns 6,628 shares of the real estate investment trust's stock worth $1,175,000 after purchasing an additional 3,106 shares during the last quarter. Hsbc Holdings PLC boosted its position in Digital Realty Trust by 7.3% during the 4th quarter. Hsbc Holdings PLC now owns 1,233,284 shares of the real estate investment trust's stock valued at $218,455,000 after purchasing an additional 83,822 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its stake in Digital Realty Trust by 94.9% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 25,478 shares of the real estate investment trust's stock worth $4,518,000 after buying an additional 12,404 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Digital Realty Trust by 39.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 81,111 shares of the real estate investment trust's stock valued at $14,384,000 after buying an additional 23,000 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.4 %

Shares of Digital Realty Trust stock traded up $0.62 on Monday, hitting $160.50. 2,264,560 shares of the company traded hands, compared to its average volume of 2,050,228. The company has a market cap of $54.05 billion, a PE ratio of 99.07, 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 quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $150.10 and a 200 day moving average price of $167.72.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given 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 3.04%. Digital Realty Trust's dividend payout ratio is currently 301.23%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and upped their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Citigroup dropped their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Truist Financial lowered their target price on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Finally, StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $183.05.

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.