DigitalBridge Group Inc. Has $64.73 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

DigitalBridge Group Inc. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,000 shares of the real estate investment trust's stock after purchasing an additional 37,000 shares during the quarter. Digital Realty Trust makes up about 4.6% of DigitalBridge Group Inc.'s holdings, making the stock its 5th largest position. DigitalBridge Group Inc. owned approximately 0.11% of Digital Realty Trust worth $64,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter valued at $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc raised its stake in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded down $0.11 during mid-day trading on Friday, hitting $166.59. 1,399,343 shares of the company traded hands, compared to its average volume of 1,986,300. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The stock has a market cap of $56.11 billion, a price-to-earnings ratio of 102.83, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The stock has a fifty day moving average price of $150.78 and a 200-day moving average price of $167.73.

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 (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.93%. Digital Realty Trust's dividend payout ratio is 456.07%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DLR. Mizuho dropped their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Scotiabank dropped 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 note on Tuesday, April 22nd. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. StockNews.com downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Finally, New Street Research upgraded Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $183.05.

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.