Capital Research Global Investors Decreases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Capital Research Global Investors reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,095,862 shares of the real estate investment trust's stock after selling 69,309 shares during the quarter. Capital Research Global Investors owned 0.63% of Digital Realty Trust worth $371,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DLR. Stolper Co boosted its stake in Digital Realty Trust by 0.5% during the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock worth $2,243,000 after acquiring an additional 64 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Digital Realty Trust by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after acquiring an additional 64 shares in the last quarter. Catalina Capital Group LLC grew its stake in shares of Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after acquiring an additional 72 shares during 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 valued at $63,000 after acquiring an additional 73 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in Digital Realty Trust by 5.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Shares of DLR stock traded up $6.25 on Friday, hitting $160.00. 1,871,751 shares of the stock traded hands, compared to its average volume of 2,042,143. The firm has a market cap of $53.88 billion, a price-to-earnings ratio of 98.85, a PEG ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $150.21 and a two-hundred day simple moving average of $167.59. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Mizuho reduced their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Citigroup dropped their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.68.

Digital Realty Trust Company 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.