NEOS Investment Management LLC Increases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

NEOS Investment Management LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,180 shares of the real estate investment trust's stock after acquiring an additional 3,729 shares during the period. NEOS Investment Management LLC's holdings in Digital Realty Trust were worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. UniSuper Management Pty Ltd grew its position in shares of Digital Realty Trust by 1.4% in the fourth quarter. UniSuper Management Pty Ltd now owns 478,884 shares of the real estate investment trust's stock valued at $84,920,000 after purchasing an additional 6,396 shares during the last quarter. Elo Mutual Pension Insurance Co increased its position in Digital Realty Trust by 13.1% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 32,385 shares of the real estate investment trust's stock worth $5,743,000 after acquiring an additional 3,741 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Digital Realty Trust by 6.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 705,529 shares of the real estate investment trust's stock worth $128,223,000 after purchasing an additional 44,127 shares in the last quarter. Prestige Wealth Management Group LLC boosted its holdings in Digital Realty Trust by 3.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 4,360 shares of the real estate investment trust's stock valued at $778,000 after purchasing an additional 131 shares during the period. Finally, TIAA Trust National Association grew its position in shares of Digital Realty Trust by 29.2% during the 4th quarter. TIAA Trust National Association now owns 1,660 shares of the real estate investment trust's stock worth $294,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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Digital Realty Trust Trading Up 1.7 %

Shares of Digital Realty Trust stock traded up $2.55 during trading on Wednesday, reaching $148.60. 570,393 shares of the stock were exchanged, compared to its average volume of 1,968,304. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The firm has a market cap of $50.02 billion, a price-to-earnings ratio of 91.69, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. 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 stock's fifty day moving average is $158.65 and its 200 day moving average is $169.71.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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 research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 3.28%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial cut their price target 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. StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Mizuho dropped their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Finally, Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $180.32.

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.