ProShare Advisors LLC Acquires 2,480 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

ProShare Advisors LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,794 shares of the real estate investment trust's stock after buying an additional 2,480 shares during the period. ProShare Advisors LLC's holdings in Digital Realty Trust were worth $10,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at about $29,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at approximately $37,000. Crews Bank & Trust bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $42,000. Finally, SRS Capital Advisors Inc. lifted its stake in Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 201 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Bank of America started coverage on Digital Realty Trust in a report on Monday. They set a "buy" rating and a $210.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $185.10.

Digital Realty Trust Trading Down 1.6%

DLR stock traded down $2.80 on Wednesday, reaching $167.33. The company's stock had a trading volume of 1,131,071 shares, compared to its average volume of 1,972,831. The firm has a market cap of $56.36 billion, a PE ratio of 103.29, a PEG ratio of 4.38 and a beta of 0.93. The business has a fifty day simple moving average of $153.40 and a two-hundred day simple moving average of $167.23. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month 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.

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 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the company posted $1.67 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued 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 2.92%. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

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.