Franklin Resources Inc. decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 453,098 shares of the real estate investment trust's stock after selling 32,869 shares during the period. Franklin Resources Inc. owned 0.14% of Digital Realty Trust worth $80,348,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of DLR. Sierra Ocean LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at about $35,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $37,000. 99.71% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Stock Performance
DLR stock traded down $3.64 during trading on Friday, reaching $137.45. 3,800,290 shares of the company's stock were exchanged, compared to its average volume of 1,998,828. The firm has a market cap of $46.27 billion, a PE ratio of 84.85, a P/E/G ratio of 4.38 and a beta of 0.92. 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 $135.53 and a 1-year high of $198.00. The company's fifty day moving average price is $156.26 and its 200-day moving average price is $169.20.
Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.
Digital Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.55%. Digital Realty Trust's dividend payout ratio is currently 301.23%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Scotiabank upgraded shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective on the stock in a research report on Tuesday, February 18th. JMP Securities reiterated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Mizuho cut 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 report on Friday, March 28th. 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 research report on Thursday, March 20th. Finally, StockNews.com cut Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.33.
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About Digital Realty Trust
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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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