Thrivent Financial for Lutherans lessened its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,175 shares of the real estate investment trust's stock after selling 5,145 shares during the period. Thrivent Financial for Lutherans' holdings in Digital Realty Trust were worth $10,494,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth about $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its position 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 purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently commented on DLR. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price target for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective for the company in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their target price on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.95.
Read Our Latest Stock Report on Digital Realty Trust
Digital Realty Trust Stock Performance
DLR traded down $2.05 during trading on Wednesday, hitting $149.37. The stock had a trading volume of 2,241,817 shares, compared to its average volume of 1,872,169. 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 company has a 50 day moving average price of $162.04 and a 200-day moving average price of $170.12. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The firm has a market cap 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.
Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.
Digital Realty Trust Announces Dividend
The business 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 $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.27%. 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
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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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