Ameriprise Financial Inc. Has $101.07 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Ameriprise Financial Inc. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 581,205 shares of the real estate investment trust's stock after selling 22,392 shares during the period. Ameriprise Financial Inc. owned approximately 0.18% of Digital Realty Trust worth $101,068,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DLR. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth $35,000. Centricity Wealth Management LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at $37,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust during the fourth quarter valued at about $42,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

NYSE DLR traded down $0.11 on Friday, reaching $166.59. The company's stock had a trading volume of 1,399,343 shares, compared to its average volume of 1,982,427. The firm has a market cap of $56.11 billion, a PE ratio of 102.83, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. 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, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The business has a 50-day moving average price of $150.78 and a 200 day moving average price of $167.74.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Digital Realty Trust's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is currently 456.07%.

Wall Street Analyst Weigh In

Several brokerages have commented on DLR. Barclays dropped their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft raised 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. Scotiabank reduced 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 report on Tuesday, April 22nd. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $183.05.

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.