Royal London Asset Management Ltd. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,437 shares of the real estate investment trust's stock after acquiring an additional 15,373 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Digital Realty Trust were worth $22,066,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock worth $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Digital Realty Trust in the 3rd quarter worth about $132,980,000. Raymond James Financial Inc. purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $125,336,000. National Pension Service lifted its position in Digital Realty Trust by 88.8% during the fourth quarter. National Pension Service now owns 788,426 shares of the real estate investment trust's stock valued at $139,812,000 after purchasing an additional 370,835 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Digital Realty Trust in the 4th quarter worth approximately $38,428,000. 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 research reports. Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Barclays lowered 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. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Truist Financial dropped their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Finally, StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $179.95.
Read Our Latest Stock Analysis on Digital Realty Trust
Digital Realty Trust Price Performance
DLR stock traded down $2.05 during mid-day trading on Wednesday, hitting $149.37. The company had a trading volume of 2,241,817 shares, compared to its average volume of 2,499,325. The company has a market capitalization of $50.29 billion, a price-to-earnings ratio of 92.21, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a 50-day moving average price of $162.04 and a 200 day moving average price of $170.12. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month 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 return on equity of 2.97% and a net margin of 10.85%. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share 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. Investors of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's payout ratio is 301.23%.
Digital Realty Trust Profile
(
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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