Royal Bank of Canada Lowers Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Royal Bank of Canada cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,430,706 shares of the real estate investment trust's stock after selling 78,786 shares during the quarter. Royal Bank of Canada owned approximately 0.73% of Digital Realty Trust worth $431,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $3,858,428,000. Northern Trust Corp grew its holdings in shares of Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after purchasing an additional 1,232,043 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Digital Realty Trust by 91.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock worth $271,279,000 after buying an additional 731,690 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Digital Realty Trust during the fourth quarter worth $125,336,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Truist Financial dropped their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Mizuho dropped their target price on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Scotiabank lowered their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $185.10.

Digital Realty Trust Stock Down 0.4%

DLR stock traded down $0.69 during mid-day trading on Tuesday, reaching $170.10. The company had a trading volume of 933,658 shares, compared to its average volume of 1,976,198. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The company has a market capitalization of $57.29 billion, a price-to-earnings ratio of 105.00, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The firm has a fifty day simple moving average of $152.91 and a 200 day simple moving average of $167.21. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its 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 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 business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

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.