Moore Capital Management LP Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Moore Capital Management LP lessened its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 331,923 shares of the real estate investment trust's stock after selling 174,955 shares during the period. Digital Realty Trust accounts for 0.7% of Moore Capital Management LP's investment portfolio, making the stock its 18th biggest position. Moore Capital Management LP owned approximately 0.10% of Digital Realty Trust worth $58,860,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Stolper Co lifted its holdings in Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock valued at $2,243,000 after buying an additional 64 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after acquiring an additional 64 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in shares of Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock valued at $424,000 after purchasing an additional 72 shares during the period. Colonial Trust Co SC grew its stake in Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Digital Realty Trust by 25.9% during the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DLR shares. Wells Fargo & Company dropped their price target on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. 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 for the company. Truist Financial cut their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a report on Monday. Finally, Citigroup lowered their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $183.85.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock traded up $2.05 on Thursday, reaching $167.72. 1,628,999 shares of the stock were exchanged, compared to its average volume of 1,980,413. The business has a 50 day moving average price of $151.63 and a two-hundred day moving average price of $167.63. The firm has a market capitalization of $56.49 billion, a price-to-earnings ratio of 103.53, a PEG ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month 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 released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating 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 the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.67 EPS. The business's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed 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 2.91%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

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.