USS Investment Management Ltd Trims Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth $29,000. Fairway Wealth LLC bought a new position in Digital Realty Trust in the 4th quarter worth $35,000. Centricity Wealth Management LLC bought a new position in Digital Realty Trust in the 4th quarter worth $37,000. Crews Bank & Trust bought a new position in Digital Realty Trust in the 4th quarter worth $42,000. Finally, SRS Capital Advisors Inc. boosted its holdings 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 buying an additional 201 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.2%

DLR stock traded up $0.36 during trading on Friday, hitting $168.31. 1,151,574 shares of the company's stock traded hands, compared to its average volume of 1,970,379. The firm has a market capitalization of $56.68 billion, a P/E ratio of 103.89, a PEG ratio of 4.38 and a beta of 0.93. The business has a fifty day simple moving average of $154.49 and a two-hundred day simple moving average of $167.08. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. 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 quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. The company 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%. Digital Realty Trust's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.67 earnings per share. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 2.90%. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DLR shares. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Wall Street Zen downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Truist Financial dropped their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Barclays dropped their price objective on shares of 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 given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $185.10.

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.