Kovitz Investment Group Partners LLC Decreases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Kovitz Investment Group Partners LLC trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 84.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,821 shares of the real estate investment trust's stock after selling 48,622 shares during the period. Kovitz Investment Group Partners LLC's holdings in Digital Realty Trust were worth $1,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in Digital Realty Trust by 2.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,360 shares of the real estate investment trust's stock worth $1,128,000 after buying an additional 180 shares during the period. Beck Capital Management LLC boosted its stake in shares of Digital Realty Trust by 4.2% during the 4th quarter. Beck Capital Management LLC now owns 12,507 shares of the real estate investment trust's stock worth $2,218,000 after purchasing an additional 500 shares during the period. MGO One Seven LLC bought a new position in Digital Realty Trust during the 4th quarter valued at about $266,000. Price T Rowe Associates Inc. MD raised its position in Digital Realty Trust by 71.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 742,238 shares of the real estate investment trust's stock worth $131,623,000 after purchasing an additional 308,481 shares during the period. Finally, Dark Forest Capital Management LP lifted its stake in Digital Realty Trust by 88.2% in the fourth quarter. Dark Forest Capital Management LP now owns 6,628 shares of the real estate investment trust's stock worth $1,175,000 after purchasing an additional 3,106 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent analyst reports. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Wells Fargo & Company decreased their target price on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Scotiabank cut their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Mizuho decreased their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and upped their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.05.

Digital Realty Trust Stock Up 1.8 %

Shares of NYSE DLR traded up $2.85 during trading hours on Friday, hitting $164.73. 1,510,647 shares of the stock were exchanged, compared to its average volume of 2,048,125. The company has a market cap of $55.47 billion, a PE ratio of 101.69, a PEG ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. 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 firm has a fifty day moving average price of $149.64 and a 200-day moving average price of $167.61.

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 for the quarter, topping the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $1.67 earnings per share. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid 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 dividend yield of 2.96%. Digital Realty Trust's payout ratio is 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.