MML Investors Services LLC Has $5.52 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

MML Investors Services LLC lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 19.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,152 shares of the real estate investment trust's stock after acquiring an additional 5,106 shares during the period. MML Investors Services LLC's holdings in Digital Realty Trust were worth $5,524,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter worth $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust during the 4th quarter worth $35,000. Versant Capital Management Inc boosted its holdings in 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 valued at $37,000 after acquiring an additional 173 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded up $0.62 during midday trading on Monday, reaching $160.50. The company's stock had a trading volume of 2,264,675 shares, compared to its average volume of 2,050,229. The business's fifty day simple moving average is $150.10 and its 200-day simple moving average is $167.72. The company has a market capitalization of $54.05 billion, a P/E ratio of 99.07, 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, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.04%. Digital Realty Trust's payout ratio is 301.23%.

Analysts Set New Price Targets

Several analysts recently weighed in on DLR shares. Truist Financial decreased their target price on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Monday. Barclays decreased their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $183.05.

About Digital Realty Trust

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.