Dimensional Fund Advisors LP increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,656,733 shares of the real estate investment trust's stock after acquiring an additional 96,639 shares during the period. Dimensional Fund Advisors LP owned about 1.40% of Digital Realty Trust worth $825,771,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of DLR. Norges Bank purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $3,858,428,000. Alliancebernstein L.P. raised its position in Digital Realty Trust by 91.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock worth $271,279,000 after acquiring an additional 731,690 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Digital Realty Trust during the 4th quarter worth $125,336,000. Invesco Ltd. increased its stake in shares of Digital Realty Trust by 18.4% in the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after purchasing an additional 607,132 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Digital Realty Trust by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after purchasing an additional 469,823 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on DLR shares. Truist Financial dropped 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. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Finally, Citigroup reduced their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus target price of $183.68.
Get Our Latest Research Report on DLR
Digital Realty Trust Stock Performance
Shares of NYSE DLR traded up $3.27 during midday trading on Thursday, reaching $154.86. The company had a trading volume of 1,072,636 shares, compared to its average volume of 2,037,316. The stock has a market cap of $52.15 billion, a P/E ratio of 95.46, a P/E/G ratio of 4.38 and a beta of 0.92. 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, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The business's 50-day simple moving average is $150.42 and its 200 day simple moving average is $167.61.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share 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 issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is currently 301.23%.
Digital Realty Trust Company Profile
(
Free Report)
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.
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