Point72 Asset Management L.P. Sells 776,586 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Point72 Asset Management L.P. cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 94.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,140 shares of the real estate investment trust's stock after selling 776,586 shares during the period. Point72 Asset Management L.P.'s holdings in Digital Realty Trust were worth $8,005,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. ProShare Advisors LLC lifted its holdings in Digital Realty Trust by 4.6% during the 4th quarter. ProShare Advisors LLC now owns 56,794 shares of the real estate investment trust's stock valued at $10,071,000 after purchasing an additional 2,480 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Digital Realty Trust by 38.3% during the fourth quarter. Quantinno Capital Management LP now owns 14,081 shares of the real estate investment trust's stock worth $2,497,000 after buying an additional 3,897 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of Digital Realty Trust by 6.9% in the fourth quarter. Pathstone Holdings LLC now owns 47,522 shares of the real estate investment trust's stock valued at $8,442,000 after acquiring an additional 3,064 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $816,000. Finally, Malaga Cove Capital LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $495,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Up 0.5%

Shares of DLR stock traded up $0.78 on Friday, reaching $168.73. The company had a trading volume of 656,428 shares, compared to its average volume of 2,332,130. The stock has a market cap of $56.83 billion, a PE ratio of 104.16, a PEG ratio of 4.38 and a beta of 0.93. The company has a 50-day moving average of $154.10 and a 200-day moving average of $167.17. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. 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 issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS 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 business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's payout ratio is presently 456.07%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Scotiabank reduced their price objective 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. Wells Fargo & Company reduced their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Barclays lowered their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Mizuho dropped their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Finally, Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $185.10.

Digital Realty Trust 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.