Digital Realty Trust, Inc. (NYSE:DLR) Stake Lowered by APG Asset Management US Inc.

APG Asset Management US Inc. lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,676,792 shares of the real estate investment trust’s stock after selling 540,780 shares during the quarter. Digital Realty Trust makes up about 11.7% of APG Asset Management US Inc.’s holdings, making the stock its 2nd largest position. APG Asset Management US Inc. owned about 2.62% of Digital Realty Trust worth $1,538,656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DLR. Quantinno Capital Management LP boosted its position in shares of Digital Realty Trust by 51.8% in the third quarter. Quantinno Capital Management LP now owns 10,184 shares of the real estate investment trust’s stock worth $1,648,000 after buying an additional 3,473 shares during the period. EP Wealth Advisors LLC increased its holdings in shares of Digital Realty Trust by 5.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,533 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 232 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Digital Realty Trust by 12.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,365 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 485 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Digital Realty Trust by 33.0% during the third quarter. MML Investors Services LLC now owns 26,046 shares of the real estate investment trust’s stock valued at $4,215,000 after purchasing an additional 6,465 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of Digital Realty Trust by 3,056.0% during the third quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock valued at $684,000 after acquiring an additional 4,095 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DLR. 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 note on Tuesday, February 18th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Finally, Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $184.33.

Digital Realty Trust Price Performance

DLR opened at $135.51 on Wednesday. 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 firm has a market cap of $45.62 billion, a PE ratio of 83.65, a P/E/G ratio of 4.38 and a beta of 0.92. The stock has a 50-day moving average price of $154.64 and a 200-day moving average price of $168.80. 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 announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s payout ratio is 301.23%.

Digital Realty Trust Company 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.