Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,768,198 shares of the real estate investment trust's stock after selling 146,303 shares during the quarter. Nuveen Asset Management LLC owned about 0.83% of Digital Realty Trust worth $490,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $2,772,000. Napa Wealth Management acquired a new position in Digital Realty Trust in the 4th quarter valued at $984,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Digital Realty Trust by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 228,147 shares of the real estate investment trust's stock valued at $40,457,000 after acquiring an additional 9,645 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Digital Realty Trust by 2.6% during the 4th 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 period. Finally, Land & Buildings Investment Management LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $9,730,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 1.3%

Shares of NYSE:DLR traded up $2.23 during mid-day trading on Friday, hitting $170.02. 1,196,833 shares of the company traded hands, compared to its average volume of 1,979,905. The firm's 50 day simple moving average is $152.53 and its 200 day simple moving average is $167.33. The firm has a market cap of $57.26 billion, a P/E 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 quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

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 analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.22 per share. 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 presently 456.07%.

Analysts Set New Price Targets

Several research firms recently weighed in on DLR. Barclays reduced their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Finally, Citigroup lowered their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.