Digital Realty Trust, Inc. (NYSE:DLR) is Vision Capital Corp's 8th Largest Position

Vision Capital Corp cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 68.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,969 shares of the real estate investment trust's stock after selling 260,500 shares during the quarter. Digital Realty Trust makes up approximately 3.4% of Vision Capital Corp's portfolio, making the stock its 8th largest holding. Vision Capital Corp's holdings in Digital Realty Trust were worth $21,097,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the fourth quarter worth about $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in 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 buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 4.1 %

DLR stock traded up $6.35 during midday trading on Friday, reaching $160.10. 3,387,601 shares of the company were exchanged, compared to its average volume of 2,527,677. The stock's 50-day simple moving average is $150.21 and its 200 day simple moving average is $167.59. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The company has a market cap of $53.91 billion, a price-to-earnings ratio of 98.83, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Analyst Ratings Changes

Several research firms have recently commented on DLR. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday. Citigroup decreased their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Truist Financial decreased their price objective on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Finally, Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, 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.