Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Alerus Financial NA

Alerus Financial NA lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,362 shares of the real estate investment trust's stock after selling 4,394 shares during the period. Digital Realty Trust comprises approximately 0.7% of Alerus Financial NA's holdings, making the stock its 29th largest holding. Alerus Financial NA's holdings in Digital Realty Trust were worth $9,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC lifted its stake in shares of Digital Realty Trust by 4.1% in the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock valued at $2,400,000 after purchasing an additional 527 shares during the period. AEGON ASSET MANAGEMENT UK Plc raised its holdings in Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock worth $11,768,000 after acquiring an additional 9,959 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of Digital Realty Trust by 26.4% during 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 during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust's stock worth $61,643,000 after acquiring an additional 23,028 shares during the period. Finally, Leavell Investment Management Inc. lifted its position in 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 purchasing an additional 7,781 shares during the period. Institutional investors own 99.71% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently commented on DLR shares. Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Truist Financial cut their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Citizens Jmp upgraded shares of 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, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and an average target price of $180.32.

Digital Realty Trust Trading Up 0.6 %

Shares of DLR stock traded up $0.91 during trading hours on Tuesday, reaching $144.20. 520,772 shares of the stock were exchanged, compared to its average volume of 1,965,965. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The firm has a market capitalization of $48.54 billion, a price-to-earnings ratio of 89.11, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company's 50-day moving average price is $159.40 and its 200-day moving average price is $169.80. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.38%. 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.