MetLife Investment Management LLC Acquires 2,396 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

MetLife Investment Management LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,027 shares of the real estate investment trust's stock after buying an additional 2,396 shares during the quarter. MetLife Investment Management LLC's holdings in Digital Realty Trust were worth $16,319,000 as of its most recent filing with the Securities and Exchange Commission.

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

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $2.74 on Wednesday, reaching $151.63. The stock had a trading volume of 1,784,973 shares, compared to its average volume of 2,040,987. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 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 firm has a market capitalization of $51.06 billion, a price-to-earnings ratio of 93.60, a P/E/G ratio of 4.38 and a beta of 0.92. The firm's 50-day moving average is $150.42 and its two-hundred day moving average is $167.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results 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%. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. Digital Realty Trust's dividend payout ratio (DPR) is currently 301.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday. Mizuho cut 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. StockNews.com downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. UBS Group raised 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 report on Tuesday, January 7th. Finally, Citigroup cut their price target on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.68.

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.