Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Decreased by Alerus Financial NA

Alerus Financial NA decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,362 shares of the real estate investment trust’s stock after selling 4,394 shares during the quarter. Digital Realty Trust makes up about 0.7% of Alerus Financial NA’s holdings, making the stock its 29th biggest position. Alerus Financial NA’s holdings in Digital Realty Trust were worth $9,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new position in shares of Digital Realty Trust in the fourth quarter valued at about $3,858,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after purchasing an additional 3,607,802 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Digital Realty Trust in the 3rd quarter valued at $132,980,000. Raymond James Financial Inc. bought a new position in Digital Realty Trust in the fourth quarter valued at about $125,336,000. Finally, Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock valued at $9,124,193,000 after purchasing an additional 469,823 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Barclays lowered their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $144.95 on Friday. 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 company’s fifty day moving average price is $160.83 and its 200-day moving average price is $169.80. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The stock has a market cap of $48.80 billion, a PE ratio of 89.48, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.37%. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

About Digital Realty Trust

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.