Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by FIL Ltd

FIL Ltd boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 31.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,364 shares of the real estate investment trust’s stock after buying an additional 79,506 shares during the period. FIL Ltd owned approximately 0.10% of Digital Realty Trust worth $59,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DLR. Norges Bank acquired a new position in Digital Realty Trust during the 4th quarter valued at about $3,858,428,000. Alliancebernstein L.P. increased its holdings in shares of Digital Realty Trust by 91.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust’s stock valued at $271,279,000 after purchasing an additional 731,690 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at about $125,336,000. Invesco Ltd. increased its holdings in shares of Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock valued at $692,630,000 after purchasing an additional 607,132 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of 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 during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Truist Financial lowered their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, Mizuho cut their price target on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $184.33.

Digital Realty Trust Trading Up 7.2 %

NYSE:DLR opened at $145.93 on Thursday. The firm has a market cap of $49.13 billion, a PE ratio of 90.08, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The stock has a fifty day moving average price of $153.91 and a 200 day moving average price of $168.54. Digital Realty Trust, Inc. has a 12-month low of $129.95 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.

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 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%. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) 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.