TIAA Trust National Association Purchases 375 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

TIAA Trust National Association boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 29.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,660 shares of the real estate investment trust’s stock after purchasing an additional 375 shares during the period. TIAA Trust National Association’s holdings in Digital Realty Trust were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. FineMark National Bank & Trust raised its stake in shares of Digital Realty Trust by 3.5% during the 4th quarter. FineMark National Bank & Trust now owns 59,981 shares of the real estate investment trust’s stock worth $10,636,000 after purchasing an additional 2,016 shares during the period. Crowley Wealth Management Inc. purchased a new stake in Digital Realty Trust during the fourth quarter worth about $53,000. Vanguard Group Inc. raised its position in 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 worth $9,124,193,000 after acquiring an additional 469,823 shares during the period. LPL Financial LLC boosted its stake in Digital Realty Trust by 20.9% in the fourth quarter. LPL Financial LLC now owns 254,370 shares of the real estate investment trust’s stock valued at $45,107,000 after acquiring an additional 44,001 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $25,931,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Down 2.0 %

Shares of NYSE:DLR opened at $142.10 on Friday. The firm has a market capitalization of $47.84 billion, a PE ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The firm has a fifty day moving average of $160.10 and a 200 day moving average of $169.75.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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%. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal 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 $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. Digital Realty Trust’s payout ratio is 301.23%.

Analyst Ratings Changes

DLR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Truist Financial cut their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Barclays cut their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Finally, Mizuho lowered their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $180.32.

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.