Quantinno Capital Management LP Raises Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Quantinno Capital Management LP raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 38.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,081 shares of the real estate investment trust's stock after purchasing an additional 3,897 shares during the period. Quantinno Capital Management LP's holdings in Digital Realty Trust were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its stake in shares of Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after acquiring an additional 64 shares during the last quarter. Catalina Capital Group LLC grew its stake in shares of Digital Realty Trust by 3.1% during the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after acquiring an additional 72 shares during the last quarter. Colonial Trust Co SC grew its stake in shares of Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 72 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Digital Realty Trust by 25.9% during the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 73 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its stake in shares of Digital Realty Trust by 5.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Shares of DLR stock traded up $0.36 during trading hours on Friday, hitting $168.31. 1,151,574 shares of the company's stock were exchanged, compared to its average volume of 1,970,379. 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 firm has a market cap of $56.68 billion, a P/E ratio of 103.89, a P/E/G ratio of 4.38 and a beta of 0.93. The firm has a 50 day moving average of $154.49 and a two-hundred day moving average of $167.08. 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 quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's payout ratio is 456.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DLR shares. Scotiabank dropped their price target 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. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Wall Street Zen downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Finally, Wells Fargo & Company decreased their target price on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company 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.