MML Investors Services LLC Buys 5,106 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

MML Investors Services LLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 19.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,152 shares of the real estate investment trust's stock after buying an additional 5,106 shares during the period. MML Investors Services LLC's holdings in Digital Realty Trust were worth $5,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DLR. Wilmington Savings Fund Society FSB bought a new position in Digital Realty Trust in the 3rd quarter worth about $657,000. Synovus Financial Corp increased its position in shares of Digital Realty Trust by 6.9% during the third quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust's stock valued at $1,057,000 after acquiring an additional 421 shares in the last quarter. Retirement Systems of Alabama lifted its position in Digital Realty Trust by 2.6% in the 3rd quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust's stock valued at $41,090,000 after acquiring an additional 6,360 shares in the last quarter. FFG Partners LLC purchased a new stake in Digital Realty Trust during the 3rd quarter valued at $10,446,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Digital Realty Trust by 13.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust's stock worth $559,000 after purchasing an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLR. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Truist Financial lowered their price target on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. StockNews.com downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Finally, Scotiabank reduced 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 report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $183.05.

Digital Realty Trust Price Performance

NYSE DLR traded down $1.45 during trading on Wednesday, hitting $158.42. 302,363 shares of the stock traded hands, compared to its average volume of 2,041,654. 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, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The firm has a 50-day simple moving average of $149.68 and a 200-day simple moving average of $167.66. The company has a market capitalization of $53.35 billion, a P/E ratio of 97.77, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $1.67 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current 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 3.08%. Digital Realty Trust's payout ratio is 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.