Homestead Advisers Corp Decreases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Homestead Advisers Corp lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 414,456 shares of the real estate investment trust’s stock after selling 16,500 shares during the period. Digital Realty Trust comprises about 1.8% of Homestead Advisers Corp’s investment portfolio, making the stock its 25th biggest holding. Homestead Advisers Corp owned approximately 0.12% of Digital Realty Trust worth $73,495,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 0.9% during the 4th 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 during the period. Principal Financial Group Inc. raised its holdings in shares of 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 acquiring an additional 79,322 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Digital Realty Trust by 3.5% in the fourth 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 boosted its holdings in Digital Realty Trust by 10.2% in the fourth 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. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research reports. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Price Performance

NYSE DLR opened at $149.37 on Thursday. The stock has a market capitalization of $50.29 billion, a price-to-earnings ratio of 92.21, a PEG ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. 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 business’s fifty day moving average price is $161.53 and its 200-day moving average price is $169.97.

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 (EPS) for the quarter, topping the consensus estimate 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 analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.27%. 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.