Thematics Asset Management Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Thematics Asset Management trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,000 shares of the real estate investment trust's stock after selling 33,000 shares during the quarter. Digital Realty Trust comprises 1.2% of Thematics Asset Management's investment portfolio, making the stock its 24th biggest position. Thematics Asset Management's holdings in Digital Realty Trust were worth $27,309,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stolper Co boosted its holdings in Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock valued at $2,243,000 after purchasing an additional 64 shares in the last quarter. Bleakley Financial Group LLC raised its position in Digital Realty Trust by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after acquiring an additional 64 shares in the last quarter. Catalina Capital Group LLC boosted its position in shares of Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 72 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Digital Realty Trust by 25.9% in the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 73 shares during the period. Finally, Legacy Financial Advisors Inc. grew its holdings in shares of Digital Realty Trust by 5.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the topic of several research reports. Barclays lowered their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Citigroup dropped their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Mizuho reduced their target price on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $183.68.

Digital Realty Trust Trading Up 1.8 %

DLR stock traded up $2.74 during trading on Wednesday, reaching $151.63. 1,784,973 shares of the stock traded hands, compared to its average volume of 2,040,987. The firm has a market capitalization of $51.06 billion, a PE ratio of 93.60, a P/E/G ratio of 4.38 and a beta of 0.92. 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 $150.66 and its 200-day moving average price is $167.72. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.22%. Digital Realty Trust's dividend payout ratio (DPR) is 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.