Dark Forest Capital Management LP Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Dark Forest Capital Management LP boosted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 88.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,628 shares of the real estate investment trust's stock after purchasing an additional 3,106 shares during the period. Dark Forest Capital Management LP's holdings in Digital Realty Trust were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Digital Realty Trust during the 4th quarter worth $3,858,428,000. Alliancebernstein L.P. raised its holdings in shares of Digital Realty Trust by 91.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock valued at $271,279,000 after acquiring an additional 731,690 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Digital Realty Trust in the fourth quarter worth about $125,336,000. Invesco Ltd. grew its holdings in Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after acquiring an additional 607,132 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after purchasing an additional 469,823 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DLR. Citigroup dropped 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. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and upped their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.05.

Digital Realty Trust Price Performance

DLR stock traded up $0.25 during mid-day trading on Tuesday, reaching $160.60. 341,382 shares of the company's stock were exchanged, compared to its average volume of 2,043,525. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock's 50 day moving average is $149.92 and its 200 day moving average is $167.72. The company has a market cap of $54.08 billion, a price-to-earnings ratio of 99.07, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its 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. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.04%. Digital Realty Trust's dividend payout ratio is presently 456.07%.

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.