Digital Realty Trust, Inc. (NYSE:DLR) Position Lowered by Vident Advisory LLC

Vident Advisory LLC lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 33.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,917 shares of the real estate investment trust's stock after selling 14,992 shares during the quarter. Vident Advisory LLC's holdings in Digital Realty Trust were worth $5,306,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. boosted its stake in Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after acquiring an additional 607,132 shares during the period. Private Advisor Group LLC lifted its position in Digital Realty Trust by 4.1% in the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock valued at $2,400,000 after purchasing an additional 527 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock valued at $11,768,000 after purchasing an additional 9,959 shares during the last quarter. Leavell Investment Management Inc. boosted its stake in Digital Realty Trust by 74.1% during the 4th quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock valued at $3,262,000 after purchasing an additional 7,781 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in Digital Realty Trust by 53.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust's stock worth $2,937,000 after purchasing an additional 5,788 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JMP Securities reissued a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Citigroup lowered their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Oppenheimer started coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $170.69 on Tuesday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $57.49 billion, a P/E ratio of 105.36, a P/E/G ratio of 4.38 and a beta of 0.93. The business's 50 day moving average is $152.91 and its two-hundred day moving average is $167.21.

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, beating the consensus estimate of $1.73 by $0.04. The firm 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 business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.86%. Digital Realty Trust's 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.

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