O ROURKE & COMPANY Inc bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,914 shares of the real estate investment trust's stock, valued at approximately $339,000.
A number of other institutional investors and hedge funds also recently modified their holdings of DLR. Norges Bank acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth $3,858,428,000. Alliancebernstein L.P. raised its holdings in shares of Digital Realty Trust by 91.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock worth $271,279,000 after acquiring an additional 731,690 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Digital Realty Trust in the fourth quarter valued at about $125,336,000. Invesco Ltd. raised its stake in shares of Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after purchasing an additional 607,132 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after acquiring an additional 469,823 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Stock Up 1.8 %
Shares of NYSE:DLR traded up $2.65 during midday trading on Friday, reaching $150.83. The company had a trading volume of 2,040,326 shares, compared to its average volume of 2,030,420. 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 business's 50 day moving average price is $151.60 and its 200 day moving average price is $167.86. The stock has a market cap 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, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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%. Research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.24%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on DLR shares. UBS Group raised 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 research report on Tuesday, January 7th. JMP Securities reiterated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Mizuho decreased their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. boosted their target price 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. Finally, Citigroup cut their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $183.79.
Read Our Latest Research Report on DLR
About Digital Realty Trust
(
Free Report)
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.
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