Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,101 shares of the real estate investment trust's stock after acquiring an additional 4,662 shares during the period. QRG Capital Management Inc.'s holdings in Digital Realty Trust were worth $6,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $38,428,000. Oppenheimer & Co. Inc. boosted its stake in Digital Realty Trust by 1.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,194 shares of the real estate investment trust's stock worth $2,694,000 after purchasing an additional 245 shares during the period. Kovack Advisors Inc. grew its position in Digital Realty Trust by 19.1% during the 4th quarter. Kovack Advisors Inc. now owns 4,574 shares of the real estate investment trust's stock worth $811,000 after purchasing an additional 733 shares during the last quarter. Flynn Zito Capital Management LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at $399,000. Finally, Convergence Financial LLC raised its holdings in shares of Digital Realty Trust by 4.5% in the fourth quarter. Convergence Financial LLC now owns 4,494 shares of the real estate investment trust's stock valued at $797,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the topic of several recent research reports. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. StockNews.com cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. JMP Securities reiterated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $181.00.

Digital Realty Trust Price Performance

DLR traded up $0.90 during midday trading on Monday, reaching $157.22. 212,093 shares of the company's stock were exchanged, compared to its average volume of 2,419,023. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The stock has a market capitalization of $52.93 billion, a PE ratio of 97.10, a P/E/G ratio of 4.38 and a beta of 0.63. 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's 50-day moving average price is $171.26 and its 200 day moving average price is $170.02.

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

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.10%. Digital Realty Trust's dividend payout ratio 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.