Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Allstate Corp

Allstate Corp grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 38.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,567 shares of the real estate investment trust’s stock after acquiring an additional 6,029 shares during the quarter. Allstate Corp’s holdings in Digital Realty Trust were worth $3,824,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in Digital Realty Trust during the 4th quarter worth $3,858,428,000. Point72 Asset Management L.P. purchased a new position in shares of Digital Realty Trust during the third quarter worth about $132,980,000. Raymond James Financial Inc. acquired a new position in Digital Realty Trust in the 4th quarter valued at about $125,336,000. Vanguard Group Inc. raised its stake in Digital Realty Trust by 0.9% during 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 acquiring an additional 469,823 shares during the last quarter. Finally, National Pension Service lifted its position in Digital Realty Trust by 88.8% during the 4th quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock worth $139,812,000 after acquiring an additional 370,835 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 2.0 %

DLR stock opened at $142.10 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The firm has a market capitalization of $47.84 billion, a PE ratio of 87.71, a P/E/G ratio of 4.38 and a beta of 0.65. The company’s 50 day simple moving average is $160.10 and its 200-day simple moving average is $169.75.

Digital Realty Trust (NYSE:DLR) last released its quarterly 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%. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 issued a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DLR shares. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Truist Financial cut their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. Finally, Barclays lowered their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.32.

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.