Ethic Inc. Has $5.61 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Ethic Inc. lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,633 shares of the real estate investment trust's stock after acquiring an additional 2,312 shares during the period. Ethic Inc.'s holdings in Digital Realty Trust were worth $5,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in Digital Realty Trust by 6.1% in the 4th quarter. Nordea Investment Management AB now owns 26,439 shares of the real estate investment trust's stock worth $4,693,000 after acquiring an additional 1,519 shares during the period. International Assets Investment Management LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at approximately $240,000. First Hawaiian Bank grew its holdings in Digital Realty Trust by 30.0% in the 4th quarter. First Hawaiian Bank now owns 3,232 shares of the real estate investment trust's stock valued at $573,000 after buying an additional 745 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Digital Realty Trust by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 105,436 shares of the real estate investment trust's stock worth $17,063,000 after buying an additional 1,408 shares during the period. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Digital Realty Trust by 159.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 421 shares of the real estate investment trust's stock worth $75,000 after buying an additional 259 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded down $0.16 during mid-day trading on Tuesday, hitting $165.84. 2,060,797 shares of the company's stock traded hands, compared to its average volume of 1,983,577. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The stock has a market cap of $55.85 billion, a price-to-earnings ratio of 102.37, a P/E/G ratio of 4.38 and a beta of 0.93. The firm has a 50 day simple moving average of $150.96 and a two-hundred day simple moving average of $167.65. 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 (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last 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 fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed 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. 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 2.94%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DLR shares. Truist Financial dropped their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Jefferies Financial Group restated a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Wells Fargo & Company reduced 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. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $183.00.

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.