Sequoia Financial Advisors LLC Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Sequoia Financial Advisors LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,196 shares of the real estate investment trust's stock after acquiring an additional 1,927 shares during the period. Sequoia Financial Advisors LLC's holdings in Digital Realty Trust were worth $3,227,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently weighed in on DLR. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Scotiabank upgraded Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective on the stock in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and raised their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Citizens Jmp raised shares of 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 assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $180.11.

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Digital Realty Trust Stock Up 2.3 %

DLR stock traded up $3.37 during midday trading on Monday, reaching $151.94. 2,224,659 shares of the company were exchanged, compared to its average volume of 2,512,777. The company has a market cap of $51.15 billion, a price-to-earnings ratio of 93.79, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The stock's 50-day simple moving average is $165.62 and its 200 day simple moving average is $170.04.

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, topping 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%. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a dividend yield of 3.21%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Digital Realty Trust 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.