AQR Capital Management LLC cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 24.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,212 shares of the real estate investment trust's stock after selling 38,454 shares during the quarter. AQR Capital Management LLC's holdings in Digital Realty Trust were worth $21,495,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in DLR. Wilmington Savings Fund Society FSB bought a new position in Digital Realty Trust during the third quarter valued at about $657,000. Synovus Financial Corp lifted its holdings in Digital Realty Trust by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust's stock worth $1,057,000 after purchasing an additional 421 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Digital Realty Trust by 13.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust's stock worth $559,000 after purchasing an additional 424 shares during the period. Versant Capital Management Inc grew its holdings in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 173 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Digital Realty Trust by 6.1% in the fourth quarter. Nordea Investment Management AB now owns 26,439 shares of the real estate investment trust's stock valued at $4,693,000 after purchasing an additional 1,519 shares during the period. 99.71% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently commented on DLR shares. Mizuho dropped their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Barclays dropped their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group restated a "buy" rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Finally, Citigroup reduced their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.05.
Check Out Our Latest Stock Report on DLR
Digital Realty Trust Price Performance
Shares of NYSE DLR traded up $0.62 during trading on Wednesday, reaching $167.25. The company had a trading volume of 2,016,798 shares, compared to its average volume of 2,042,697. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business's 50 day moving average price is $150.33 and its 200-day moving average price is $167.71. The stock has a market cap of $56.32 billion, a PE ratio of 103.24, a PEG ratio of 4.38 and a beta of 0.93.
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 (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the business earned $1.67 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.
Digital Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 2.92%. Digital Realty Trust's payout ratio is presently 456.07%.
About Digital Realty Trust
(
Free Report)
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.
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