APG Asset Management US Inc. Has $1.54 Billion Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

APG Asset Management US Inc. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,676,792 shares of the real estate investment trust's stock after selling 540,780 shares during the period. Digital Realty Trust makes up 11.7% of APG Asset Management US Inc.'s holdings, making the stock its 2nd largest position. APG Asset Management US Inc. owned approximately 2.62% of Digital Realty Trust worth $1,538,656,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the 4th quarter worth about $35,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc boosted its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after buying an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Ratings Changes

DLR has been the subject of several analyst reports. Barclays dropped their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Finally, Mizuho lowered their target price on 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $184.33.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock traded up $1.32 during midday trading on Monday, reaching $146.41. The company had a trading volume of 360,678 shares, compared to its average volume of 2,026,613. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a market capitalization of $49.30 billion, a price-to-earnings ratio of 90.38, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The stock has a fifty day simple moving average of $153.16 and a 200 day simple moving average of $168.32.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current 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 given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio is 301.23%.

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.