Prudential Financial Inc. Has $237.93 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Prudential Financial Inc. reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,341,746 shares of the real estate investment trust's stock after selling 230,618 shares during the period. Prudential Financial Inc. owned 0.40% of Digital Realty Trust worth $237,932,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in Digital Realty Trust in the 4th quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Fairway Wealth LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc lifted its holdings in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DLR. Barclays reduced their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Scotiabank upgraded shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target for the company in a research report on Tuesday, February 18th. JMP Securities reissued a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $179.95.

Remove Ads

Digital Realty Trust Price Performance

Shares of DLR traded down $4.26 during trading hours on Tuesday, reaching $151.23. The stock had a trading volume of 2,582,173 shares, compared to its average volume of 1,868,269. The stock has a market capitalization of $50.91 billion, a PE ratio of 93.35, a PEG ratio of 4.38 and a beta of 0.65. 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 quick ratio of 1.61 and a current ratio of 2.07. The company's 50-day moving average is $162.04 and its two-hundred day moving average is $170.12.

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 EPS 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%. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is currently 301.23%.

Digital Realty Trust Company Profile

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.