Wellington Management Group LLP Purchases 13,259 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Wellington Management Group LLP grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 325,678 shares of the real estate investment trust’s stock after purchasing an additional 13,259 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Digital Realty Trust worth $57,752,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Digital Realty Trust by 0.9% in the fourth 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 in the last quarter. Norges Bank acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $3,858,428,000. Principal Financial Group Inc. increased its position in shares of Digital Realty Trust by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after buying an additional 79,322 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Digital Realty Trust by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock worth $644,196,000 after buying an additional 122,090 shares during the period. Finally, Amundi lifted its holdings in Digital Realty Trust by 10.2% during the fourth quarter. Amundi now owns 1,451,440 shares of the real estate investment trust’s stock worth $262,522,000 after acquiring an additional 134,228 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Mizuho reduced their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Barclays reduced their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $184.33.

Digital Realty Trust Stock Performance

Shares of DLR opened at $137.45 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. The firm has a 50-day moving average of $156.26 and a 200-day moving average of $169.28. The company has a market cap of $46.27 billion, a PE ratio of 84.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a one year low of $135.53 and a one year high of $198.00.

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 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%. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 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.