MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 228,147 shares of the real estate investment trust's stock after acquiring an additional 9,645 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of Digital Realty Trust worth $40,457,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Laird Norton Wetherby Wealth Management LLC lifted its stake in Digital Realty Trust by 2.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,502 shares of the real estate investment trust's stock worth $1,685,000 after purchasing an additional 239 shares during the last quarter. Land & Buildings Investment Management LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at about $9,730,000. Janus Henderson Group PLC grew its holdings in Digital Realty Trust by 4.9% in the fourth quarter. Janus Henderson Group PLC now owns 106,824 shares of the real estate investment trust's stock worth $18,944,000 after purchasing an additional 5,009 shares during the period. Gotham Asset Management LLC grew its holdings in Digital Realty Trust by 9.2% in the fourth quarter. Gotham Asset Management LLC now owns 59,549 shares of the real estate investment trust's stock worth $10,560,000 after purchasing an additional 5,019 shares during the period. Finally, Ground Swell Capital LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth about $238,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Up 1.3%

Shares of Digital Realty Trust stock traded up $2.23 during trading on Friday, hitting $170.02. The stock had a trading volume of 1,196,833 shares, compared to its average volume of 1,978,209. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm's fifty day simple moving average is $152.53 and its 200-day simple moving average is $167.43. The stock has a market cap of $57.26 billion, a PE ratio of 104.95, a PEG ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.67 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 2.87%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Analyst Ratings Changes

A number of research firms have recently commented on DLR. JPMorgan Chase & Co. increased 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. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday. They issued an "outperform" rating and a $200.00 price target on the stock. Scotiabank reduced their price objective 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. Mizuho reduced their price objective 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. Finally, Barclays cut their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have issued 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 $183.85.

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.