Geode Capital Management LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,527,649 shares of the real estate investment trust's stock after buying an additional 281,704 shares during the period. Geode Capital Management LLC owned about 2.57% of Digital Realty Trust worth $1,508,612,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DLR. Vanguard Group Inc. raised its holdings in shares of Digital Realty Trust by 0.9% in the 4th 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. Norges Bank purchased a new position in Digital Realty Trust in the fourth quarter valued at $3,858,428,000. Principal Financial Group Inc. raised its stake in Digital Realty Trust by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust's stock valued at $700,486,000 after buying an additional 79,322 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Digital Realty Trust by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust's stock worth $644,196,000 after acquiring an additional 122,090 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Digital Realty Trust by 91.7% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
Digital Realty Trust Price Performance
Shares of NYSE DLR traded down $7.94 during trading on Thursday, hitting $140.74. 3,789,216 shares of the company were exchanged, compared to its average volume of 1,984,955. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The company has a market cap of $47.38 billion, a price-to-earnings ratio of 86.87, a PEG ratio of 4.38 and a beta of 0.65. The firm's fifty day moving average price is $157.12 and its 200 day moving average price is $169.36.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping 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, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal 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 issued 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 3.47%. Digital Realty Trust's dividend payout ratio is presently 301.23%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on DLR shares. Mizuho dropped 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 research report on Friday, March 28th. Wells Fargo & Company decreased their target price 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. Scotiabank raised 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. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $184.33.
View Our Latest Stock Report on DLR
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.
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