Digital Realty Trust, Inc. (NYSE:DLR) Holdings Cut by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 66.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the real estate investment trust's stock after selling 100,000 shares during the quarter. Ghisallo Capital Management LLC's holdings in Digital Realty Trust were worth $8,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DLR. Norges Bank acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $3,858,428,000. Alliancebernstein L.P. boosted its stake in shares of Digital Realty Trust by 91.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock worth $271,279,000 after purchasing an additional 731,690 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth about $125,336,000. Invesco Ltd. boosted its stake in shares of Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after purchasing an additional 607,132 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock worth $9,124,193,000 after purchasing an additional 469,823 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 1.5 %

DLR stock traded up $2.45 during mid-day trading on Thursday, hitting $162.99. 1,117,538 shares of the company were exchanged, compared to its average volume of 2,045,070. The firm has a fifty day simple moving average of $149.58 and a 200 day simple moving average of $167.62. The company has a market capitalization of $54.89 billion, a PE ratio of 100.57, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. 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 (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. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the company posted $1.67 earnings per share. The company's quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 2.99%. Digital Realty Trust's payout ratio is 456.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DLR shares. Mizuho decreased 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 research report on Friday, March 28th. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their target price 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. Finally, StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $183.05.

Digital Realty Trust 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.