25,900 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Bought by Sona Asset Management US LLC

Sona Asset Management US LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,900 shares of the real estate investment trust's stock, valued at approximately $4,593,000.

Several other hedge funds also recently made changes to their positions in DLR. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Oak Thistle LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth about $664,000. Park Avenue Securities LLC lifted its holdings in Digital Realty Trust by 42.5% in the 4th quarter. Park Avenue Securities LLC now owns 10,501 shares of the real estate investment trust's stock valued at $1,862,000 after purchasing an additional 3,132 shares in the last quarter. Stolper Co lifted its holdings in Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock valued at $2,243,000 after purchasing an additional 64 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Digital Realty Trust by 12.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,831 shares of the real estate investment trust's stock worth $2,098,000 after acquiring an additional 1,315 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays lowered their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Truist Financial decreased their price target on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $185.10.

Digital Realty Trust Stock Up 0.4%

Shares of Digital Realty Trust stock traded up $0.64 on Monday, reaching $170.69. 1,113,343 shares of the company were exchanged, compared to its average volume of 1,976,439. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a market capitalization of $57.49 billion, a price-to-earnings ratio of 105.36, a PEG ratio of 4.38 and a beta of 0.93. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $152.53 and a 200 day moving average of $167.25.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 2.97% and a net margin of 10.85%. Digital Realty Trust's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a yield of 2.86%. Digital Realty Trust's payout ratio is currently 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.