2,790 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Malaga Cove Capital LLC

Malaga Cove Capital LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,790 shares of the real estate investment trust's stock, valued at approximately $495,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $3,858,428,000. Northern Trust Corp raised its holdings in shares of Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after purchasing an additional 1,232,043 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Digital Realty Trust by 91.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock valued at $271,279,000 after purchasing an additional 731,690 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Digital Realty Trust in the fourth quarter valued at $125,336,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock traded up $2.23 during trading on Friday, reaching $170.02. The company's stock had a trading volume of 1,196,833 shares, compared to its average volume of 1,978,209. The business's 50-day moving average price is $152.53 and its 200-day moving average price is $167.43. The firm has a market cap of $57.26 billion, a PE ratio of 104.95, a P/E/G ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week 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.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 yield of 2.87%. Digital Realty Trust's dividend payout ratio is 456.07%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Mizuho decreased their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Scotiabank decreased their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.85.

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.