Voya Investment Management LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,503 shares of the real estate investment trust's stock after selling 69,755 shares during the period. Voya Investment Management LLC's holdings in Digital Realty Trust were worth $19,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Digital Realty Trust in the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust in the 4th quarter worth $35,000. Versant Capital Management Inc boosted its position in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Digital Realty Trust Price Performance
Shares of NYSE:DLR traded up $1.41 during midday trading on Thursday, hitting $161.95. The company's stock had a trading volume of 2,007,330 shares, compared to its average volume of 2,048,648. 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 $54.54 billion, a P/E ratio of 99.97, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business's 50 day simple moving average is $149.58 and its 200 day simple moving average is $167.62.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results 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. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The business's revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given 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 3.01%. Digital Realty Trust's payout ratio is 456.07%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. JMP Securities restated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, Citigroup decreased their price target 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 equities 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $183.05.
Check Out Our Latest Research Report on DLR
About Digital Realty Trust
(
Free Report)
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.
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