OVERSEA CHINESE BANKING Corp Ltd Sells 8,291 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

OVERSEA CHINESE BANKING Corp Ltd cut its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,351 shares of the real estate investment trust's stock after selling 8,291 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Digital Realty Trust were worth $11,766,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $35,000. Versant Capital Management Inc raised 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 acquiring an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $37,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DLR has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. StockNews.com downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Barclays decreased their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday. Finally, UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their target price for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $179.95.

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Digital Realty Trust Stock Down 0.4 %

Shares of DLR stock traded down $0.65 during trading hours on Friday, reaching $150.76. The company had a trading volume of 4,766,080 shares, compared to its average volume of 1,867,575. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The business has a fifty day simple moving average of $162.82 and a 200-day simple moving average of $169.91. The company has a market cap of $50.75 billion, a price-to-earnings ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates 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 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust's dividend payout ratio (DPR) is currently 301.23%.

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.