The Manufacturers Life Insurance Company Lowers Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

The Manufacturers Life Insurance Company cut its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,381 shares of the real estate investment trust's stock after selling 24,172 shares during the period. The Manufacturers Life Insurance Company owned 0.14% of Digital Realty Trust worth $82,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLR. Stolper Co increased its holdings in shares of Digital Realty Trust by 0.5% during the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock valued at $2,243,000 after acquiring an additional 64 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after purchasing an additional 64 shares in the last quarter. Catalina Capital Group LLC raised its holdings in Digital Realty Trust by 3.1% during the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after buying an additional 72 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Digital Realty Trust by 25.9% in the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 73 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its holdings in shares of Digital Realty Trust by 5.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 74 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $2.85 on Friday, hitting $164.73. 1,510,647 shares of the stock were exchanged, compared to its average volume of 2,048,198. The firm's 50 day moving average is $149.77 and its two-hundred day moving average is $167.64. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The firm has a market capitalization of $55.47 billion, a PE ratio of 101.69, a P/E/G ratio of 4.38 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $1.67 earnings per share. The company's quarterly revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal 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 dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 2.96%. Digital Realty Trust's payout ratio is 456.07%.

Analyst Ratings Changes

Several equities analysts recently weighed in on DLR shares. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. StockNews.com cut Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Barclays lowered their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $183.05.

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.