BROOKFIELD Corp ON Acquires 4,116 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

BROOKFIELD Corp ON increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 145,777 shares of the real estate investment trust's stock after buying an additional 4,116 shares during the period. BROOKFIELD Corp ON's holdings in Digital Realty Trust were worth $25,851,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DLR. Vanguard Group Inc. boosted its holdings in shares of Digital Realty Trust by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock worth $9,124,193,000 after acquiring an additional 469,823 shares during the period. Norges Bank acquired a new stake in Digital Realty Trust during the 4th quarter worth approximately $3,858,428,000. Geode Capital Management LLC boosted its stake in Digital Realty Trust by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock valued at $1,508,612,000 after purchasing an additional 281,704 shares during the period. Northern Trust Corp grew its holdings in Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after buying an additional 1,854,748 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Digital Realty Trust by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,656,733 shares of the real estate investment trust's stock worth $825,771,000 after buying an additional 96,639 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Trading Up 1.4 %

DLR opened at $166.85 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market cap of $56.19 billion, a PE ratio of 103.00, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The company has a fifty day moving average of $149.92 and a 200-day 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its 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. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. 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 2.92%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Analyst Ratings Changes

A number of research analysts have issued reports on DLR shares. Truist Financial decreased their target price on shares of 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. StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Citigroup reduced their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $183.05.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.