Tabor Asset Management LP Acquires 3,146 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Tabor Asset Management LP lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,483 shares of the real estate investment trust's stock after purchasing an additional 3,146 shares during the period. Digital Realty Trust accounts for about 2.2% of Tabor Asset Management LP's portfolio, making the stock its 23rd largest position. Tabor Asset Management LP's holdings in Digital Realty Trust were worth $4,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Digital Realty Trust during the 4th quarter worth about $3,858,428,000. Northern Trust Corp lifted its position in shares of Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after purchasing an additional 1,854,748 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Digital Realty Trust by 66.6% during the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after purchasing an additional 1,232,043 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Digital Realty Trust by 91.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock valued at $271,279,000 after purchasing an additional 731,690 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Digital Realty Trust in the 4th quarter worth approximately $125,336,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DLR shares. Wells Fargo & Company decreased their price objective on 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. Truist Financial decreased their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Wall Street Zen cut Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Barclays cut their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Finally, Mizuho lowered their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $185.10.

Digital Realty Trust Stock Up 0.4%

DLR stock traded up $0.73 during mid-day trading on Friday, hitting $168.68. 718,167 shares of the company were exchanged, compared to its average volume of 2,332,648. The firm has a market cap of $56.81 billion, a P/E ratio of 104.08, a P/E/G 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. 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 firm's 50 day simple moving average is $154.10 and its 200 day simple moving average is $167.17.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $1.67 earnings per share. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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