Great Lakes Advisors LLC Takes $224,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Great Lakes Advisors LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,266 shares of the real estate investment trust’s stock, valued at approximately $224,000.

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

Digital Realty Trust Stock Up 1.7 %

Shares of NYSE DLR opened at $148.41 on Monday. The firm’s 50-day moving average is $165.62 and its 200-day moving average is $170.04. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The firm has a market capitalization 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 current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the subject of several recent research reports. Truist Financial lowered 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. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.11.

About Digital Realty Trust

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.