Metis Global Partners LLC Has $17.18 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Metis Global Partners LLC raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,863 shares of the real estate investment trust's stock after purchasing an additional 14,305 shares during the quarter. Digital Realty Trust accounts for 0.5% of Metis Global Partners LLC's portfolio, making the stock its 29th largest holding. Metis Global Partners LLC's holdings in Digital Realty Trust were worth $17,177,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in Digital Realty Trust during the 4th quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 173 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $37,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $42,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the subject of several research analyst reports. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. JMP Securities reiterated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. StockNews.com downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $181.00.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Trading Up 1.2 %

DLR traded up $1.81 during mid-day trading on Wednesday, hitting $157.48. The stock had a trading volume of 2,015,861 shares, compared to its average volume of 2,468,027. The stock's fifty day simple moving average is $170.30 and its 200-day simple moving average is $170.10. The firm has a market capitalization of $53.01 billion, a price-to-earnings ratio of 97.21, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. 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 issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS 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%. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.10%. Digital Realty Trust's dividend payout ratio is presently 301.23%.

Digital Realty Trust 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.