Alliancebernstein L.P. boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 741,078 shares of the real estate investment trust’s stock after acquiring an additional 30,497 shares during the period. Alliancebernstein L.P. owned 0.36% of Digital Realty Trust worth $84,409,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Confluence Investment Management LLC grew its stake in Digital Realty Trust by 1.7% during the fourth quarter. Confluence Investment Management LLC now owns 417,129 shares of the real estate investment trust’s stock valued at $47,511,000 after acquiring an additional 7,088 shares in the last quarter. Shelton Capital Management purchased a new position in Digital Realty Trust during the third quarter valued at $307,000. Toronto Dominion Bank grew its stake in Digital Realty Trust by 14.0% during the fourth quarter. Toronto Dominion Bank now owns 88,475 shares of the real estate investment trust’s stock valued at $10,078,000 after acquiring an additional 10,841 shares in the last quarter. State of Tennessee Treasury Department grew its stake in Digital Realty Trust by 46.0% during the third quarter. State of Tennessee Treasury Department now owns 63,799 shares of the real estate investment trust’s stock valued at $7,550,000 after acquiring an additional 20,099 shares in the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $1,017,000. 99.95% of the stock is owned by institutional investors.
In related news, SVP Christopher Kenney sold 10,000 shares of Digital Realty Trust stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the completion of the sale, the senior vice president now owns 10,000 shares in the company, valued at approximately $1,034,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.40% of the company’s stock.
DLR traded down $2.45 on Monday, reaching $102.93. 954,492 shares of the company traded hands, compared to its average volume of 1,555,648. Digital Realty Trust, Inc. has a one year low of $96.56 and a one year high of $127.23. The firm has a market capitalization of $21,652.46, a price-to-earnings ratio of 16.76, a PEG ratio of 2.37 and a beta of -0.02. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.25 and a quick ratio of 0.25.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($1.18). Digital Realty Trust had a net margin of 10.10% and a return on equity of 4.03%. The company had revenue of $731.45 million for the quarter, compared to the consensus estimate of $729.30 million. equities analysts anticipate that Digital Realty Trust, Inc. will post 6.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a dividend of $1.01 per share. This is a positive change from Digital Realty Trust’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $4.04 dividend on an annualized basis and a yield of 3.92%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 65.80%.
A number of equities analysts have commented on DLR shares. TheStreet raised shares of Digital Realty Trust from a “c+” rating to a “b” rating in a research note on Thursday, February 15th. Deutsche Bank dropped their price objective on shares of Digital Realty Trust from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Citigroup raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $105.12 to $120.00 in a research note on Wednesday, February 14th. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Robert W. Baird reissued a “buy” rating and issued a $125.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 23rd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $122.25.
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Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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