Hemenway Trust Co LLC Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Hemenway Trust Co LLC grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,564 shares of the real estate investment trust’s stock after buying an additional 164 shares during the period. Hemenway Trust Co LLC’s holdings in Digital Realty Trust were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $3,858,428,000. Alliancebernstein L.P. boosted its position in shares of Digital Realty Trust by 91.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust’s stock worth $271,279,000 after purchasing an additional 731,690 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth $125,336,000. Vanguard Group Inc. raised its position in shares of Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock valued at $9,124,193,000 after purchasing an additional 469,823 shares during the period. Finally, National Pension Service lifted its stake in shares of Digital Realty Trust by 88.8% during the 4th quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock valued at $139,812,000 after buying an additional 370,835 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DLR. Mizuho decreased their price target on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. JMP Securities reissued a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research report on Tuesday, February 18th. Finally, Barclays lowered their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.33.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $137.45 on Friday. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 84.85, 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 stock has a 50 day moving average price of $156.26 and a 200-day moving average price of $169.20. Digital Realty Trust, Inc. has a one year low of $135.53 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

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.