NFJ Investment Group LLC Decreases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

NFJ Investment Group LLC reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,033 shares of the real estate investment trust's stock after selling 2,732 shares during the quarter. NFJ Investment Group LLC's holdings in Digital Realty Trust were worth $8,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at $35,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc raised its holdings 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 worth $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Up 1.8 %

Shares of Digital Realty Trust stock traded up $2.65 during trading hours on Friday, hitting $150.83. The company's stock had a trading volume of 2,040,326 shares, compared to its average volume of 2,032,548. The business has a fifty day moving average of $151.31 and a 200 day moving average of $167.79. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year 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 capitalization of $50.79 billion, a PE ratio of 93.10, a P/E/G ratio of 4.38 and a beta of 0.92.

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 (EPS) for the quarter, beating 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, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio is presently 301.23%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DLR. JMP Securities reissued a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. 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. Wells Fargo & Company lowered 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 note on Tuesday, February 4th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $183.79.

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.