Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by United Community Bank

United Community Bank lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,666 shares of the real estate investment trust’s stock after buying an additional 136 shares during the quarter. United Community Bank’s holdings in Digital Realty Trust were worth $295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Amundi boosted its holdings in shares of 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 purchasing an additional 134,228 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Digital Realty Trust by 3.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,018 shares of the real estate investment trust’s stock worth $713,000 after purchasing an additional 141 shares in the last quarter. Naviter Wealth LLC raised its holdings in Digital Realty Trust by 7.8% in the fourth quarter. Naviter Wealth LLC now owns 21,514 shares of the real estate investment trust’s stock valued at $3,841,000 after buying an additional 1,554 shares during the period. Larson Financial Group LLC lifted its position in Digital Realty Trust by 167.9% during the fourth quarter. Larson Financial Group LLC now owns 292 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 183 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Digital Realty Trust during the fourth quarter worth approximately $2,784,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. JMP Securities reissued a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $149.13 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. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The firm’s 50-day moving average price is $168.64 and its 200-day moving average price is $170.01. The firm has a market capitalization of $50.20 billion, a P/E ratio of 92.06, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last announced 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%. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s 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.