Focus Partners Advisor Solutions LLC Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,247 shares of the real estate investment trust's stock, valued at approximately $576,000.

Several other hedge funds have also added to or reduced their stakes in DLR. Norges Bank bought a new position in shares of Digital Realty Trust in the fourth quarter worth $3,858,428,000. Northern Trust Corp increased its position in shares of Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after purchasing an additional 1,854,748 shares during the period. Deutsche Bank AG increased its position in shares of Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after purchasing an additional 1,232,043 shares during the period. Alliancebernstein L.P. increased its position in shares of Digital Realty Trust by 91.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock worth $271,279,000 after purchasing an additional 731,690 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Digital Realty Trust in the fourth quarter valued at about $125,336,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $2.56 during midday trading on Tuesday, reaching $170.68. 1,846,934 shares of the stock traded hands, compared to its average volume of 1,973,277. The stock's fifty day moving average is $154.84 and its 200-day moving average is $166.86. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock has a market cap of $57.48 billion, a P/E ratio of 105.36, a PEG 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Digital Realty Trust's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS 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 paid a dividend of $1.22 per share. The ex-dividend date of this dividend 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 currently 456.07%.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent analyst reports. Barclays decreased their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Bank of America began coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 target price on the stock. Citigroup reduced their price target 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. Truist Financial reduced their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock 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 given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $185.10.

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.