Tower Research Capital LLC TRC reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 40.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,752 shares of the real estate investment trust's stock after selling 9,910 shares during the period. Tower Research Capital LLC TRC's holdings in Digital Realty Trust were worth $2,616,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Digital Realty Trust in the fourth quarter valued at about $3,858,428,000. Alliancebernstein L.P. raised its position in shares of Digital Realty Trust by 91.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock valued at $271,279,000 after purchasing an additional 731,690 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $125,336,000. Invesco Ltd. grew its position in shares of Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after buying an additional 607,132 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock worth $9,124,193,000 after buying an additional 469,823 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Price Performance
DLR stock traded up $6.35 during trading hours on Friday, hitting $160.10. 3,387,601 shares of the stock traded hands, compared to its average volume of 2,047,721. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a market cap of $53.91 billion, a P/E ratio of 98.83, a P/E/G ratio of 4.38 and a beta of 0.92. The stock has a 50-day simple moving average of $150.21 and a 200 day simple moving average of $167.59.
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 for the quarter, topping 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%. Equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.
Digital Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.05%. Digital Realty Trust's payout ratio is presently 301.23%.
Analysts Set New Price Targets
DLR has been the subject of several recent analyst reports. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Barclays cut their price objective on 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 upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $183.05.
Get Our Latest Analysis on Digital Realty Trust
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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