Adelante Capital Management LLC Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Adelante Capital Management LLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 507,703 shares of the real estate investment trust's stock after acquiring an additional 4,611 shares during the quarter. Digital Realty Trust comprises 5.7% of Adelante Capital Management LLC's holdings, making the stock its 5th largest position. Adelante Capital Management LLC owned 0.15% of Digital Realty Trust worth $90,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DLR. Sierra Ocean LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $35,000. Versant Capital Management Inc grew its holdings in shares of Digital Realty Trust by 480.6% during the 4th 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 acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.8 %

Shares of NYSE DLR traded up $2.85 during trading on Friday, hitting $164.73. 1,510,647 shares of the company traded hands, compared to its average volume of 2,048,196. The firm has a market capitalization of $55.47 billion, a price-to-earnings ratio of 101.69, a P/E/G ratio of 4.38 and a beta of 0.92. The business's fifty day moving average is $149.77 and its 200 day moving average is $167.64. 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 fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 2.96%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent research reports. Citigroup lowered their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Scotiabank cut their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial lowered their target price on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.