Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,167 shares of the real estate investment trust's stock after selling 8,838 shares during the quarter. USS Investment Management Ltd's holdings in Digital Realty Trust were worth $11,025,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the 4th quarter worth about $29,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust in the 4th quarter valued at approximately $35,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth about $37,000. Crews Bank & Trust acquired a new stake in Digital Realty Trust in the fourth quarter valued at approximately $42,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of Digital Realty Trust by 502.5% during 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 during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on DLR shares. Citigroup cut their price objective 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. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. increased 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. Scotiabank decreased their price target 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. Finally, Barclays reduced their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. Two 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded up $0.36 during trading on Monday, reaching $168.31. The company had a trading volume of 1,151,574 shares, compared to its average volume of 1,973,785. 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 twelve month low of $129.95 and a twelve month high of $198.00. The stock has a 50-day moving average price of $154.49 and a two-hundred day moving average price of $166.96. The stock has a market capitalization of $56.68 billion, a PE ratio of 103.89, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share 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 firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 EPS. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current 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 $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio is presently 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.