Balyasny Asset Management L.P. boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 530,953 shares of the real estate investment trust's stock after buying an additional 100,076 shares during the period. Balyasny Asset Management L.P. owned 0.16% of Digital Realty Trust worth $94,154,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in DLR. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at $35,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $35,000. Versant Capital Management Inc raised its stake in 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 acquiring an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Digital Realty Trust Stock Performance
NYSE DLR opened at $164.73 on Friday. The stock has a market cap of $55.47 billion, a P/E ratio of 101.69, a PEG 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 twelve month low of $129.95 and a twelve month high of $198.00. The company's 50-day simple moving average is $149.77 and its 200 day simple moving average is $167.68.
Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 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 analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. Digital Realty Trust's quarterly revenue was up 5.7% on a year-over-year basis. As a group, research analysts forecast 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. Investors of record on Friday, March 14th were given 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%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. 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 note on Wednesday, January 15th. Citigroup dropped their price target on shares of 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. Finally, Truist Financial decreased their price objective 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $183.05.
Read Our Latest Report on Digital Realty Trust
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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