Patten & Patten Inc. TN Has $4.89 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Patten & Patten Inc. TN trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,595 shares of the real estate investment trust’s stock after selling 474 shares during the quarter. Patten & Patten Inc. TN’s holdings in Digital Realty Trust were worth $4,893,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DLR. Sierra Ocean LLC acquired a new position in Digital Realty Trust in the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at $35,000. Versant Capital Management Inc grew its stake in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at about $37,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DLR. JPMorgan Chase & Co. raised their price target 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. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Truist Financial cut their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.11.

Digital Realty Trust Stock Up 1.7 %

Shares of DLR stock opened at $148.41 on Friday. The stock has a 50 day moving average of $165.62 and a 200-day moving average of $169.90. The firm has a market cap of $49.96 billion, a PE ratio of 91.61, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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 given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Digital Realty Trust 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.