Geode Capital Management LLC Acquires 281,704 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Geode Capital Management LLC raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,527,649 shares of the real estate investment trust's stock after acquiring an additional 281,704 shares during the period. Geode Capital Management LLC owned approximately 2.57% of Digital Realty Trust worth $1,508,612,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Townsquare Capital LLC lifted its position in Digital Realty Trust by 3.8% during the third quarter. Townsquare Capital LLC now owns 4,757 shares of the real estate investment trust's stock valued at $770,000 after purchasing an additional 175 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of Digital Realty Trust by 20.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,231 shares of the real estate investment trust's stock valued at $361,000 after buying an additional 379 shares in the last quarter. Aureus Asset Management LLC bought a new stake in shares of Digital Realty Trust during the 3rd quarter worth $210,000. Benjamin Edwards Inc. grew its position in Digital Realty Trust by 10,864.4% in the third quarter. Benjamin Edwards Inc. now owns 37,279 shares of the real estate investment trust's stock worth $6,035,000 after acquiring an additional 36,939 shares in the last quarter. Finally, Centiva Capital LP raised its position in Digital Realty Trust by 88.6% during the third quarter. Centiva Capital LP now owns 12,295 shares of the real estate investment trust's stock valued at $1,990,000 after purchasing an additional 5,776 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Down 2.6 %

NYSE:DLR traded down $3.64 during mid-day trading on Friday, hitting $137.45. 3,800,290 shares of the company's stock were exchanged, compared to its average volume of 1,998,828. Digital Realty Trust, Inc. has a one year low of $135.53 and a one year high of $198.00. The business has a fifty day moving average price of $156.26 and a 200 day moving average price of $169.28. The company 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 debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

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, topping 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%. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS 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 given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is 301.23%.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Scotiabank upgraded Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective for the company in a report on Tuesday, February 18th. StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Mizuho decreased their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. JMP Securities reiterated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $184.33.

Digital Realty Trust Company 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.