Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Lowered by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,097 shares of the real estate investment trust's stock after selling 66,145 shares during the period. Digital Realty Trust makes up approximately 5.1% of Waterfront Capital Partners LLC's portfolio, making the stock its 3rd biggest holding. Waterfront Capital Partners LLC's holdings in Digital Realty Trust were worth $27,681,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $35,000. Fairway Wealth LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at $35,000. Versant Capital Management Inc grew its holdings in Digital Realty Trust by 480.6% in the fourth 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 last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on DLR shares. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Mizuho lowered their target price on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Truist Financial reduced their price objective on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $183.05.

Digital Realty Trust Trading Up 0.4 %

NYSE DLR traded up $0.62 during trading hours on Monday, hitting $160.50. 2,264,675 shares of the company's stock were exchanged, compared to its average volume of 2,050,229. The firm has a market capitalization of $54.05 billion, a P/E ratio of 99.07, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business's 50 day moving average is $150.10 and its 200-day moving average is $167.72. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's dividend payout ratio is currently 301.23%.

About Digital Realty Trust

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.