Sophron Capital Management L.P. Buys New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

Sophron Capital Management L.P. purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,454 shares of the real estate investment trust's stock, valued at approximately $967,000.

Several other institutional investors have also recently made changes to their positions in DLR. Triglav Skladi D.O.O. bought a new stake in Digital Realty Trust in the 4th quarter valued at about $2,660,000. Tabor Asset Management LP increased its holdings in shares of Digital Realty Trust by 14.1% during the fourth quarter. Tabor Asset Management LP now owns 25,483 shares of the real estate investment trust's stock valued at $4,519,000 after acquiring an additional 3,146 shares in the last quarter. Tidal Investments LLC raised its position in shares of Digital Realty Trust by 11.7% during the fourth quarter. Tidal Investments LLC now owns 7,477 shares of the real estate investment trust's stock worth $1,326,000 after purchasing an additional 785 shares during the period. Texas Bank & Trust Co bought a new position in shares of Digital Realty Trust in the 4th quarter worth $613,000. Finally, Strategic Wealth Partners Ltd. grew its position in Digital Realty Trust by 70.9% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 34,471 shares of the real estate investment trust's stock valued at $5,681,000 after purchasing an additional 14,304 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent research reports. Barclays dropped their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Citigroup dropped their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Finally, New Street Research upgraded Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $183.85.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $170.02 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $152.53 and a two-hundred day simple moving average of $167.25. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm has a market cap of $57.26 billion, a price-to-earnings ratio of 104.95, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 EPS. Analysts anticipate 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 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 yield of 2.87%. 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.

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