Massachusetts Financial Services Co. MA lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,405,795 shares of the real estate investment trust's stock after selling 31,860 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.42% of Digital Realty Trust worth $249,290,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in 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 buying an additional 469,823 shares during the period. Norges Bank acquired a new position in shares of Digital Realty Trust during the fourth quarter worth about $3,858,428,000. Geode Capital Management LLC raised its holdings in Digital Realty Trust by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock worth $1,508,612,000 after purchasing an additional 281,704 shares in the last quarter. Principal Financial Group Inc. lifted its position 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 purchasing an additional 79,322 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Digital Realty Trust by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust's stock valued at $644,196,000 after purchasing an additional 122,090 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
Analyst Ratings Changes
DLR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and raised their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, JMP Securities reissued 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. Two investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $184.33.
Check Out Our Latest Stock Report on DLR
Digital Realty Trust Stock Down 0.6 %
Shares of DLR traded down $0.86 during trading on Monday, reaching $136.64. The company's stock had a trading volume of 3,818,390 shares, compared to its average volume of 2,006,148. Digital Realty Trust, Inc. has a twelve month low of $130.78 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $46.00 billion, a price-to-earnings ratio of 84.35, a P/E/G ratio of 4.38 and a beta of 0.92. The company has a fifty day moving average of $156.26 and a two-hundred day moving average of $169.36.
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 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, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.57%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's payout ratio is currently 301.23%.
Digital Realty Trust Company 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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