Mackenzie Financial Corp Purchases 2,449 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Mackenzie Financial Corp lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,405 shares of the real estate investment trust's stock after purchasing an additional 2,449 shares during the period. Mackenzie Financial Corp's holdings in Digital Realty Trust were worth $4,860,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $29,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $35,000. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $37,000. Crews Bank & Trust purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $42,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded down $0.57 on Friday, hitting $171.69. The company's stock had a trading volume of 4,130,824 shares, compared to its average volume of 1,990,940. The firm has a market cap of $57.82 billion, a P/E ratio of 105.98, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. 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 fifty day moving average price of $156.34 and a 200-day moving average price of $166.77. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DLR. Scotiabank dropped their target price on shares of 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. Wall Street Zen downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Truist Financial lowered their price objective 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, May 12th. Finally, Oppenheimer assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective on the stock. Two equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $185.10.

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.