Wellington Management Group LLP Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Wellington Management Group LLP grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 325,678 shares of the real estate investment trust's stock after purchasing an additional 13,259 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Digital Realty Trust worth $57,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fairtree Asset Management Pty Ltd acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at about $1,353,000. Thoma Capital Management LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $342,000. Lighthouse Financial LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $239,000. Capstone Triton Financial Group LLC raised its holdings in Digital Realty Trust by 33.7% in the 4th quarter. Capstone Triton Financial Group LLC now owns 10,281 shares of the real estate investment trust's stock valued at $1,823,000 after buying an additional 2,593 shares during the period. Finally, Copia Wealth Management purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Up 0.5%

DLR stock traded up $0.89 during midday trading on Monday, reaching $172.41. 676,702 shares of the company were exchanged, compared to its average volume of 1,979,234. The company has a market cap of $58.07 billion, a price-to-earnings ratio of 106.39, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The stock's 50-day simple moving average is $156.34 and its 200 day simple moving average is $166.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion for 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 company's revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

Analyst Ratings Changes

Several brokerages recently issued reports on DLR. Barclays reduced 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 report on Thursday, March 20th. Bank of America initiated coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target on the stock. Finally, Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $185.10.

About Digital Realty Trust

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.