Zimmer Partners LP Has $2.84 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Zimmer Partners LP trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 85.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,994 shares of the real estate investment trust's stock after selling 92,000 shares during the period. Zimmer Partners LP's holdings in Digital Realty Trust were worth $2,836,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $29,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $35,000. Centricity Wealth Management LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at about $37,000. Crews Bank & Trust bought a new stake in Digital Realty Trust in the fourth quarter valued at about $42,000. Finally, SRS Capital Advisors Inc. lifted its stake in Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 201 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLR. Wall Street Zen cut Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Citigroup cut their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Barclays dropped their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. 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 company. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.10.

Digital Realty Trust Stock Up 0.2%

DLR traded up $0.36 during trading hours on Monday, hitting $168.31. 1,151,574 shares of the company's stock were exchanged, compared to its average volume of 1,973,785. The stock has a market cap of $56.68 billion, a price-to-earnings ratio of 103.89, a PEG 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 stock's 50-day moving average is $154.49 and its two-hundred day moving average is $166.96. 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 (NYSE:DLR - Get Free Report) last issued 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 analysts' expectations 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 for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. 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 payout ratio is presently 456.07%.

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.