Zevin Asset Management LLC Has $14.26 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Zevin Asset Management LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,435 shares of the real estate investment trust's stock after buying an additional 8,308 shares during the period. Digital Realty Trust accounts for about 2.1% of Zevin Asset Management LLC's investment portfolio, making the stock its 19th biggest position. Zevin Asset Management LLC's holdings in Digital Realty Trust were worth $14,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Assetmark Inc. boosted its position in Digital Realty Trust by 7.5% in the third quarter. Assetmark Inc. now owns 3,644 shares of the real estate investment trust's stock valued at $590,000 after buying an additional 255 shares in the last quarter. Atria Investments Inc boosted its position in Digital Realty Trust by 7.8% in the third quarter. Atria Investments Inc now owns 9,582 shares of the real estate investment trust's stock valued at $1,551,000 after buying an additional 695 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in Digital Realty Trust in the third quarter valued at about $194,000. Apollon Wealth Management LLC boosted its position in Digital Realty Trust by 2.5% in the third quarter. Apollon Wealth Management LLC now owns 9,011 shares of the real estate investment trust's stock valued at $1,458,000 after buying an additional 217 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Digital Realty Trust by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 22,208 shares of the real estate investment trust's stock valued at $3,594,000 after buying an additional 282 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on DLR shares. Wells Fargo & Company reduced their price target on shares of 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. StockNews.com downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Truist Financial dropped their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $180.11.

Digital Realty Trust Trading Up 1.6 %

NYSE DLR traded up $2.42 during trading on Wednesday, reaching $151.08. 1,883,204 shares of the stock traded hands, compared to its average volume of 1,863,069. The firm has a market cap of $50.86 billion, a price-to-earnings ratio of 93.26, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The stock's 50-day moving average price is $164.45 and its 200 day moving average price is $170.04. 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

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.