Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 31.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,831 shares of the real estate investment trust’s stock after purchasing an additional 66,943 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Digital Realty Trust worth $49,977,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DLR. CWA Asset Management Group LLC purchased a new stake in shares of Digital Realty Trust during the 3rd quarter valued at about $297,000. Assetmark Inc. raised its holdings in shares of Digital Realty Trust by 7.5% during the 3rd 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 during the period. Atria Investments Inc raised its holdings in shares of Digital Realty Trust by 7.8% during the 3rd 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 during the period. Sigma Planning Corp raised its holdings in shares of Digital Realty Trust by 9.3% during the 3rd quarter. Sigma Planning Corp now owns 15,282 shares of the real estate investment trust’s stock valued at $2,473,000 after buying an additional 1,295 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Digital Realty Trust by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,872 shares of the real estate investment trust’s stock valued at $2,731,000 after buying an additional 151 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 2.5 %

Shares of NYSE DLR opened at $145.50 on Tuesday. The company has a market cap of $48.98 billion, a price-to-earnings ratio of 89.82, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock’s 50 day simple moving average is $168.03 and its 200 day simple moving average is $170.12.

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%. Equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 3.35%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the topic of several analyst reports. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised 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. JMP Securities restated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Barclays raised their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.11.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

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.