Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Decreased by Swiss National Bank

Swiss National Bank cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 924,849 shares of the real estate investment trust’s stock after selling 38,300 shares during the quarter. Swiss National Bank owned 0.28% of Digital Realty Trust worth $164,003,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after acquiring an additional 3,607,802 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Digital Realty Trust during the 3rd quarter worth about $132,980,000. Raymond James Financial Inc. purchased a new position in Digital Realty Trust during the 4th quarter valued at about $125,336,000. Sycomore Asset Management purchased a new position in Digital Realty Trust during the 3rd quarter valued at about $80,915,000. Finally, National Pension Service increased its holdings in shares of Digital Realty Trust by 88.8% in 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 purchasing an additional 370,835 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Down 3.9 %

Shares of NYSE:DLR opened at $145.77 on Friday. The company has a market cap of $49.07 billion, a P/E ratio of 89.98, a P/E/G ratio of 4.38 and a beta of 0.65. The stock’s 50-day moving average is $166.28 and its 200-day moving average is $169.78. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

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

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research analyst reports. Truist Financial lowered their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday. Barclays upped their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Stifel Nicolaus increased their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $180.11.

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.