Digital Realty Trust, Inc. (NYSE:DLR) Stake Trimmed by Financial Counselors Inc.

Financial Counselors Inc. cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 124,529 shares of the real estate investment trust’s stock after selling 4,846 shares during the period. Financial Counselors Inc.’s holdings in Digital Realty Trust were worth $22,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLR. Vanguard Group Inc. boosted its stake in Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after purchasing an additional 469,823 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Principal Financial Group Inc. raised its position in Digital Realty Trust by 2.0% during the fourth 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 during the period. Charles Schwab Investment Management Inc. boosted its position 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 acquiring an additional 122,090 shares during the period. Finally, Amundi grew its stake in Digital Realty Trust by 10.2% during the 4th quarter. Amundi now owns 1,451,440 shares of the real estate investment trust’s stock valued at $262,522,000 after acquiring an additional 134,228 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLR has been the topic of several research reports. Barclays dropped their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. 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. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Stock Down 2.7 %

Shares of DLR opened at $151.23 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The company has a 50-day simple moving average of $162.04 and a 200-day simple moving average of $170.12. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The firm has a market capitalization of $50.91 billion, a P/E ratio of 93.35, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 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%. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed 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. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date 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.