Bamco Inc. NY Boosts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Bamco Inc. NY increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 631,257 shares of the real estate investment trust's stock after purchasing an additional 37,550 shares during the quarter. Bamco Inc. NY owned approximately 0.19% of Digital Realty Trust worth $111,941,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Stolper Co grew its holdings in Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock valued at $2,243,000 after buying an additional 64 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after purchasing an additional 64 shares in the last quarter. Catalina Capital Group LLC grew its position in shares of Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 72 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Digital Realty Trust by 25.9% during the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 73 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in Digital Realty Trust by 5.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DLR shares. Citigroup cut their target price 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. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and increased their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Truist Financial lowered 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 report on Monday, March 10th. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.05.

Digital Realty Trust Trading Up 0.2 %

DLR traded up $0.28 during trading on Tuesday, hitting $166.92. The company's stock had a trading volume of 1,601,753 shares, compared to its average volume of 2,039,729. The firm has a market capitalization of $56.21 billion, a P/E ratio of 103.04, a PEG ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock's fifty day moving average price is $150.12 and its 200-day moving average price is $167.71. 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 (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the company posted $1.67 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current 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 $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's payout ratio is currently 456.07%.

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.