Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,796 shares of the real estate investment trust’s stock after acquiring an additional 405 shares during the period. KCM Investment Advisors LLC’s holdings in Digital Realty Trust were worth $673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after buying an additional 469,823 shares during the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth approximately $3,858,428,000. Geode Capital Management LLC increased its position in shares of Digital Realty Trust by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock worth $1,508,612,000 after purchasing an additional 281,704 shares in the last quarter. Principal Financial Group Inc. raised its stake in Digital Realty Trust by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after purchasing an additional 79,322 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Digital Realty Trust by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock valued at $644,196,000 after purchasing an additional 122,090 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the topic of several research reports. Truist Financial decreased their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. JMP Securities reiterated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Barclays dropped their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday, March 20th. Finally, Mizuho reduced 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $184.33.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $137.45 on Friday. Digital Realty Trust, Inc. has a 12 month low of $135.53 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 company has a market cap of $46.27 billion, a P/E ratio of 84.85, a PEG ratio of 4.38 and a beta of 0.92. The firm has a fifty day moving average price of $156.26 and a 200 day moving average price of $169.28.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. 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 announced 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 dividend yield of 3.55%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

About Digital Realty Trust

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.