Prudential PLC Increases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Prudential PLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,156 shares of the real estate investment trust's stock after buying an additional 6,910 shares during the quarter. Prudential PLC's holdings in Digital Realty Trust were worth $9,958,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Thoroughbred Financial Services LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at approximately $205,000. Pitcairn Co. bought a new position in shares of Digital Realty Trust in the fourth quarter worth $219,000. ExodusPoint Capital Management LP lifted its holdings in shares of Digital Realty Trust by 117.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 277,062 shares of the real estate investment trust's stock worth $49,131,000 after acquiring an additional 149,498 shares during the period. Motley Fool Asset Management LLC boosted its stake in Digital Realty Trust by 13.3% in the fourth quarter. Motley Fool Asset Management LLC now owns 14,921 shares of the real estate investment trust's stock valued at $2,646,000 after buying an additional 1,746 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of Digital Realty Trust during the fourth quarter worth $630,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 3.7 %

Shares of NYSE:DLR traded down $5.32 during midday trading on Thursday, hitting $140.45. 766,075 shares of the company's stock were exchanged, compared to its average volume of 2,020,137. 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, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a market cap of $47.28 billion, a PE ratio of 87.21, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The stock has a 50 day moving average price of $153.91 and a 200-day moving average price of $168.54.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced 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 of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.47%. Digital Realty Trust's dividend payout ratio is currently 301.23%.

Analysts Set New Price Targets

DLR has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Mizuho cut their target price on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. 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 report on Thursday, March 20th. Finally, StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $184.33.

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.