Westwood Holdings Group Inc. Lowers Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Westwood Holdings Group Inc. decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 92.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,500 shares of the real estate investment trust’s stock after selling 32,000 shares during the period. Westwood Holdings Group Inc.’s holdings in Digital Realty Trust were worth $443,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust during the fourth quarter worth $29,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust during the fourth quarter worth $35,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the fourth quarter worth $37,000. Crews Bank & Trust purchased a new stake in Digital Realty Trust during the fourth quarter worth $42,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Digital Realty Trust by 502.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Jefferies Financial Group restated a “buy” rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Mizuho decreased their price objective on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Finally, New Street Research upgraded Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $185.10.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $167.33 on Thursday. The firm has a market capitalization of $56.36 billion, a price-to-earnings ratio of 103.29, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The business has a fifty day moving average of $153.78 and a 200 day moving average of $167.23. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during 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%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. As a group, research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.92%. 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.