FineMark National Bank & Trust Has $10.64 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

FineMark National Bank & Trust lifted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,981 shares of the real estate investment trust's stock after buying an additional 2,016 shares during the period. FineMark National Bank & Trust's holdings in Digital Realty Trust were worth $10,636,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock valued at $700,224,000 after acquiring an additional 3,607,802 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Digital Realty Trust in the 3rd quarter valued at about $132,980,000. Raymond James Financial Inc. bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $125,336,000. Vanguard Group Inc. boosted its position in shares of 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 worth $9,124,193,000 after buying an additional 469,823 shares during the period. Finally, National Pension Service boosted its position in shares of Digital Realty Trust by 88.8% during the fourth quarter. National Pension Service now owns 788,426 shares of the real estate investment trust's stock worth $139,812,000 after buying an additional 370,835 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

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Digital Realty Trust Stock Performance

NYSE DLR traded down $2.85 during trading on Friday, reaching $142.10. The company's stock had a trading volume of 2,799,189 shares, compared to its average volume of 1,963,855. The firm has a 50 day moving average price of $160.10 and a 200 day moving average price of $169.84. 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 $47.84 billion, a price-to-earnings ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. 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 results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price objective 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. Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target on the stock in a research report on Tuesday, February 18th. Barclays dropped their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Finally, Mizuho lowered their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $180.32.

Digital Realty Trust 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.