DnB Asset Management AS boosted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,552 shares of the real estate investment trust's stock after buying an additional 22,069 shares during the period. DnB Asset Management AS's holdings in Digital Realty Trust were worth $15,880,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of DLR. Stolper Co grew its stake in Digital Realty Trust by 0.5% during the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock worth $2,243,000 after purchasing an additional 64 shares during the period. Bleakley Financial Group LLC grew its position in shares of Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after buying an additional 64 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Digital Realty Trust by 6.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust's stock valued at $176,000 after acquiring an additional 67 shares in the last quarter. Catalina Capital Group LLC boosted its position in shares of Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 72 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in Digital Realty Trust by 25.9% in the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 73 shares in the last quarter. Institutional investors own 99.71% of the company's stock.
Analyst Ratings Changes
Several research analysts have issued reports on DLR shares. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Mizuho reduced their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. Finally, Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.32.
Read Our Latest Analysis on Digital Realty Trust
Digital Realty Trust Stock Performance
NYSE DLR traded up $2.91 during trading hours on Wednesday, reaching $148.96. 709,713 shares of the company were exchanged, compared to its average volume of 1,968,902. The stock has a market capitalization of $50.15 billion, a P/E ratio of 91.95, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The business's 50 day simple moving average is $158.65 and its 200-day simple moving average is $169.71.
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 net margin of 10.85% and a return on equity of 2.97%. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio is currently 301.23%.
Digital Realty Trust 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.
Further Reading
Before you consider Digital Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Digital Realty Trust wasn't on the list.
While Digital Realty Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
