Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 51.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,315 shares of the real estate investment trust's stock after selling 2,440 shares during the period. Lazard Asset Management LLC's holdings in Digital Realty Trust were worth $410,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at $29,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust in the 4th quarter valued at approximately $35,000. Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $37,000. Crews Bank & Trust bought a new stake in Digital Realty Trust during the fourth quarter valued at $42,000. Finally, Millstone Evans Group LLC purchased a new position in Digital Realty Trust in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLR. Wells Fargo & Company dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Wall Street Zen cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Oppenheimer began coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective for the company. New Street Research upgraded Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, Mizuho reduced their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Price Performance

NYSE:DLR traded up $3.19 during trading hours on Tuesday, hitting $171.31. The company's stock had a trading volume of 620,478 shares, compared to its average volume of 2,319,876. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business's 50-day moving average is $154.84 and its two-hundred day moving average is $166.86. The company has a market capitalization of $57.70 billion, a PE ratio of 105.75, a PEG ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share 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 the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 annualized dividend and a yield of 2.85%. Digital Realty Trust's payout ratio is 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.