Rafferty Asset Management LLC Trims Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Rafferty Asset Management LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,033 shares of the real estate investment trust's stock after selling 2,716 shares during the quarter. Rafferty Asset Management LLC's holdings in Digital Realty Trust were worth $7,276,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Park Avenue Securities LLC raised its position in shares of Digital Realty Trust by 42.5% in the fourth quarter. Park Avenue Securities LLC now owns 10,501 shares of the real estate investment trust's stock worth $1,862,000 after acquiring an additional 3,132 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Digital Realty Trust by 12.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,831 shares of the real estate investment trust's stock valued at $2,098,000 after purchasing an additional 1,315 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new position in Digital Realty Trust in the 4th quarter worth about $205,000. Merit Financial Group LLC purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $571,000. Finally, HB Wealth Management LLC grew its holdings in Digital Realty Trust by 21.7% in the fourth quarter. HB Wealth Management LLC now owns 8,250 shares of the real estate investment trust's stock valued at $1,463,000 after purchasing an additional 1,469 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DLR. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company reduced 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 research report on Tuesday, February 4th. Mizuho dropped their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Citigroup reduced their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Trading Down 1.6%

Shares of DLR traded down $2.80 during midday trading on Wednesday, reaching $167.33. The company had a trading volume of 1,131,071 shares, compared to its average volume of 1,976,128. The firm has a 50 day simple moving average of $153.40 and a 200-day simple moving average of $167.23. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market cap of $56.36 billion, a PE ratio of 103.29, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year 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, topping analysts' consensus estimates 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Digital Realty Trust's quarterly revenue was up 5.7% compared to the same quarter last year. Research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.92%. Digital Realty Trust's dividend payout ratio (DPR) 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.