DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 31,584 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 39.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,261 shares of the real estate investment trust’s stock after selling 31,584 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Digital Realty Trust were worth $8,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Stolper Co boosted its holdings in shares of Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after buying an additional 64 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of 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 worth $769,000 after acquiring an additional 64 shares during the last quarter. Catalina Capital Group LLC grew its position in shares of Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock valued at $424,000 after acquiring an additional 72 shares during the period. Colonial Trust Co SC increased its stake in shares of Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 72 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Digital Realty Trust by 25.9% in the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 73 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Truist Financial reduced their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Finally, Barclays cut their price target on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $183.05.

Digital Realty Trust Trading Down 0.1 %

DLR opened at $166.59 on Friday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. 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 stock has a 50-day moving average of $150.78 and a 200 day moving average of $167.73. The firm has a market cap of $56.11 billion, a P/E ratio of 102.83, a P/E/G ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid 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 dividend yield of 2.93%. Digital Realty Trust’s dividend payout ratio is presently 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.