Worldquant Millennium Advisors LLC Buys Shares of 234,542 Digital Realty Trust, Inc. (NYSE:DLR)

Worldquant Millennium Advisors LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 234,542 shares of the real estate investment trust's stock, valued at approximately $41,591,000. Worldquant Millennium Advisors LLC owned 0.07% of Digital Realty Trust at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DLR. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $29,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $35,000. Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $37,000. Crews Bank & Trust purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $42,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $43,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 0.2%

Shares of DLR stock traded up $0.36 during mid-day trading on Friday, reaching $168.31. The company's stock had a trading volume of 1,151,574 shares, compared to its average volume of 1,970,379. The company's 50 day simple moving average is $154.49 and its 200-day simple moving average is $167.08. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The firm 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 released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Digital Realty Trust's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed 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 was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 2.90%. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Analysts Set New Price Targets

DLR has been the subject of several research reports. Barclays reduced their price objective 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. 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 note on Tuesday, February 4th. Mizuho reduced their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Citigroup cut their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.