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Jennison Associates LLC Has $1.27 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

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Jennison Associates LLC trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 67.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,882 shares of the real estate investment trust's stock after selling 18,594 shares during the period. Jennison Associates LLC's holdings in Digital Realty Trust were worth $1,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc boosted its holdings in shares of Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust during the 1st quarter worth $38,000. Millstone Evans Group LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $43,000. Grove Bank & Trust raised its position in shares of Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 230 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in shares of Digital Realty Trust during the 1st quarter valued at $49,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday. Guggenheim began coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating for the company. Oppenheimer began coverage on Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price for the company. Bank of America began coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 target price for the company. Finally, Citigroup lowered their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $187.74.

Get Our Latest Stock Analysis on Digital Realty Trust

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

Digital Realty Trust Price Performance

NYSE:DLR traded down $1.30 during mid-day trading on Friday, reaching $178.72. The stock had a trading volume of 821,688 shares, compared to its average volume of 2,164,996. The stock has a 50-day simple moving average of $173.46 and a two-hundred day simple moving average of $164.04. The stock has a market capitalization of $60.19 billion, a PE ratio of 167.39, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. Digital Realty Trust's payout ratio is presently 456.07%.

Digital Realty Trust Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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