Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 79,547 shares of the real estate investment trust’s stock after selling 3,379 shares during the period. Corebridge Financial Inc.’s holdings in Digital Realty Trust were worth $14,106,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $35,000. Versant Capital Management Inc raised its holdings in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Truist Financial cut their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Finally, Scotiabank upgraded 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 note on Tuesday, February 18th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Price Performance

DLR opened at $151.23 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $162.04 and its 200 day moving average price is $170.12. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 93.35, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.23%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Digital Realty Trust Company 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.