Digital Realty Trust, Inc. (NYSE:DLR) Stake Lowered by Jennison Associates LLC

Jennison Associates LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 35.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,652 shares of the real estate investment trust’s stock after selling 98,337 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of Digital Realty Trust worth $24,312,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Baldwin Brothers LLC MA grew its holdings in Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 185 shares in the last quarter. Operose Advisors LLC bought a new position in Digital Realty Trust in the 3rd quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new position in Digital Realty Trust in the 4th quarter worth approximately $32,000. Tennessee Valley Asset Management Partners bought a new position in Digital Realty Trust in the 4th quarter worth approximately $32,000. Finally, ZRC Wealth Management LLC bought a new position in Digital Realty Trust in the 4th quarter worth approximately $33,000. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DLR. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Citigroup increased their price target on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Truist Financial increased their price target on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Finally, Scotiabank lowered Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target for the company. in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $143.33.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $140.61 on Thursday. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The stock has a fifty day moving average of $141.82 and a 200-day moving average of $136.48. The company has a market capitalization of $43.91 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 164.31%.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.