Digital Realty Trust, Inc. (NYSE:DLR) Stake Increased by Larson Financial Group LLC

Larson Financial Group LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 167.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292 shares of the real estate investment trust’s stock after acquiring an additional 183 shares during the period. Larson Financial Group LLC’s holdings in Digital Realty Trust were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $2,784,000. PNC Financial Services Group Inc. raised its holdings in shares of Digital Realty Trust by 0.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 40,548 shares of the real estate investment trust’s stock worth $7,190,000 after acquiring an additional 228 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $357,000. Machina Capital S.A.S. purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $778,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $1,723,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DLR. JPMorgan Chase & Co. increased 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 report on Friday, February 14th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company lowered their target price 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.11.

Digital Realty Trust Stock Up 3.2 %

DLR stock opened at $151.67 on Thursday. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The company has a market cap of $51.06 billion, a PE ratio of 93.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The business’s 50-day simple moving average is $166.91 and its 200 day simple moving average is $169.95. 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 (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.