Alliancebernstein L.P. Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

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

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Digital Realty Trust by 4.2% during the fourth quarter. Wellington Management Group LLP now owns 325,678 shares of the real estate investment trust's stock worth $57,752,000 after purchasing an additional 13,259 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Digital Realty Trust by 20.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,141 shares of the real estate investment trust's stock worth $3,926,000 after buying an additional 3,756 shares in the last quarter. Bcwm LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $8,109,000. Physician Wealth Advisors Inc. purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $101,000. Finally, Summit Securities Group LLC acquired a new position in Digital Realty Trust during the fourth quarter worth about $337,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DLR. JMP Securities reiterated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Truist Financial reduced their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Finally, Barclays dropped their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $184.33.

Digital Realty Trust Stock Down 2.6 %

Shares of NYSE DLR traded down $3.64 during midday trading on Friday, hitting $137.45. The company's stock had a trading volume of 3,800,290 shares, compared to its average volume of 1,998,828. Digital Realty Trust, Inc. has a 1 year low of $135.53 and a 1 year high of $198.00. The business's fifty day simple moving average is $156.26 and its two-hundred day simple moving average is $169.28. The firm has a market capitalization of $46.27 billion, a price-to-earnings ratio of 84.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

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 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

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.