Adage Capital Partners GP L.L.C. Lowers Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Adage Capital Partners GP L.L.C. reduced its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,300 shares of the real estate investment trust's stock after selling 38,800 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.10% of Digital Realty Trust worth $56,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at $35,000. Versant Capital Management Inc raised its stake 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 valued at $37,000 after acquiring an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at $37,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR traded down $0.11 during trading hours on Tuesday, reaching $160.25. 427,898 shares of the company traded hands, compared to its average volume of 2,043,875. The stock has a market capitalization of $53.96 billion, a P/E ratio of 98.90, a P/E/G ratio of 4.38 and a beta of 0.92. 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 $129.95 and a 12-month high of $198.00. The business has a fifty day moving average price of $149.92 and a 200-day moving average price of $167.72.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's payout ratio is 456.07%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DLR. Truist Financial decreased their price target on shares of 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. Scotiabank decreased their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday. Mizuho reduced their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Finally, New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $183.05.

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.