Vanguard Group Inc. Buys 469,823 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Vanguard Group Inc. increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,453,186 shares of the real estate investment trust's stock after acquiring an additional 469,823 shares during the quarter. Vanguard Group Inc. owned approximately 15.51% of Digital Realty Trust worth $9,124,193,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Digital Realty Trust by 9.2% in the third quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust's stock valued at $799,000 after acquiring an additional 417 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Digital Realty Trust by 8.9% during the third quarter. PNC Financial Services Group Inc. now owns 40,320 shares of the real estate investment trust's stock valued at $6,525,000 after purchasing an additional 3,284 shares during the last quarter. Commerce Bank raised its stake in Digital Realty Trust by 4.6% during the third quarter. Commerce Bank now owns 7,649 shares of the real estate investment trust's stock worth $1,238,000 after acquiring an additional 339 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Digital Realty Trust during the 3rd quarter worth approximately $354,000. Finally, Citigroup Inc. boosted its holdings in shares of Digital Realty Trust by 4.4% during the third quarter. Citigroup Inc. now owns 355,411 shares of the real estate investment trust's stock valued at $57,516,000 after acquiring an additional 14,985 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

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Digital Realty Trust Price Performance

Shares of DLR stock traded down $4.45 during trading hours on Thursday, reaching $144.95. The company's stock had a trading volume of 2,706,444 shares, compared to its average volume of 1,874,558. 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 fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a market capitalization of $48.80 billion, a price-to-earnings ratio of 89.48, a PEG ratio of 4.38 and a beta of 0.65. The firm's 50 day simple moving average is $160.83 and its 200-day simple moving average is $169.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 2.97% and a net margin of 10.85%. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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 paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio is presently 301.23%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com cut Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Barclays reduced their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average price target of $179.95.

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.