Alliancebernstein L.P. Buys 731,690 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Alliancebernstein L.P. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 91.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,529,796 shares of the real estate investment trust's stock after purchasing an additional 731,690 shares during the period. Alliancebernstein L.P. owned 0.46% of Digital Realty Trust worth $271,279,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock valued at $2,400,000 after acquiring an additional 527 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its holdings in Digital Realty Trust by 17.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock worth $11,768,000 after buying an additional 9,959 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Digital Realty Trust by 26.4% in the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust's stock valued at $9,682,000 after buying an additional 11,405 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of Digital Realty Trust by 74.1% during the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock valued at $3,262,000 after buying an additional 7,781 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Digital Realty Trust by 53.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust's stock worth $2,937,000 after acquiring an additional 5,788 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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Digital Realty Trust Price Performance

Shares of NYSE DLR traded down $7.94 during midday trading on Thursday, hitting $140.74. 3,789,216 shares of the company's stock were exchanged, compared to its average volume of 1,982,748. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The business's fifty day moving average price is $157.98 and its two-hundred day moving average price is $169.56. The company has a market cap of $47.38 billion, a price-to-earnings ratio of 86.87, a PEG ratio of 4.38 and a beta of 0.65. 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 issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.47%. Digital Realty Trust's dividend payout ratio (DPR) is 301.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. JMP Securities reissued a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $184.33.

Digital Realty Trust Company 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.