Victory Capital Management Inc. Has $22.45 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Victory Capital Management Inc. trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,606 shares of the real estate investment trust's stock after selling 5,848 shares during the quarter. Victory Capital Management Inc.'s holdings in Digital Realty Trust were worth $22,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. OneDigital Investment Advisors LLC boosted its holdings in shares of Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust's stock worth $305,000 after buying an additional 59 shares during the period. Stolper Co boosted its stake in Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock worth $2,243,000 after purchasing an additional 64 shares during the period. Bleakley Financial Group LLC grew its position in Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after purchasing an additional 64 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Digital Realty Trust by 6.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust's stock valued at $176,000 after purchasing an additional 67 shares during the period. Finally, Catalina Capital Group LLC lifted its holdings in shares of Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock valued at $424,000 after purchasing an additional 72 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Scotiabank upgraded 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 report on Tuesday, February 18th. StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $180.11.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Up 0.9 %

Shares of NYSE:DLR traded up $1.35 during midday trading on Tuesday, reaching $146.98. 3,725,489 shares of the company were exchanged, compared to its average volume of 2,511,934. The firm has a market cap of $49.48 billion, a PE ratio of 90.73, a P/E/G ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The stock has a fifty day simple moving average of $168.03 and a two-hundred day simple moving average of $170.12. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its 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%. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is currently 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.