Intech Investment Management LLC Makes New $300,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Intech Investment Management LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,692 shares of the real estate investment trust's stock, valued at approximately $300,000.

Several other institutional investors also recently bought and sold shares of DLR. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $35,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth about $37,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 2.0 %

Shares of DLR traded down $2.85 during midday trading on Friday, hitting $142.10. The stock had a trading volume of 2,799,189 shares, compared to its average volume of 1,963,855. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The business has a 50-day simple moving average of $160.10 and a two-hundred day simple moving average of $169.84. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a market cap of $47.84 billion, a P/E ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

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Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.85% and a return on equity of 2.97%. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio is currently 301.23%.

Analyst Ratings Changes

Several brokerages have commented on DLR. JMP Securities reiterated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Mizuho cut their target price on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and increased their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Truist Financial lowered their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $180.32.

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.