Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,124,872 shares of the real estate investment trust's stock after selling 514,296 shares during the period. Bank of America Corp DE owned approximately 3.05% of Digital Realty Trust worth $1,795,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DLR. Sierra Ocean LLC bought a new stake in Digital Realty Trust during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth about $35,000. Versant Capital Management Inc increased its holdings in shares of 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 worth $37,000 after buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in Digital Realty Trust in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho lowered their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Wells Fargo & Company reduced their target price on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Scotiabank lowered their price objective 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. Truist Financial dropped their target price on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Finally, Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Two investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $183.05.

Digital Realty Trust Stock Performance

DLR stock 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. 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 firm has a 50-day simple moving average of $150.33 and a 200-day simple moving average of $167.71. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market cap of $56.32 billion, a price-to-earnings ratio of 103.24, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly 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. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. Digital Realty Trust's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side 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. Shareholders of record on Friday, March 14th were paid a dividend of $1.22 per share. 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 dividend payout ratio (DPR) is presently 456.07%.

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.