Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Aviva PLC

Aviva PLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 326,058 shares of the real estate investment trust’s stock after selling 65,910 shares during the period. Aviva PLC owned approximately 0.10% of Digital Realty Trust worth $57,820,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $35,000. Fairway Wealth LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at about $35,000. Versant Capital Management Inc boosted its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DLR. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Scotiabank raised 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 report on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, 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 research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $184.33.

Digital Realty Trust Stock Down 2.6 %

Shares of DLR opened at $137.45 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $135.53 and a fifty-two week high of $198.00. The company’s fifty day moving average is $156.26 and its two-hundred day moving average is $169.28. The firm has a market cap of $46.27 billion, a PE ratio of 84.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.55%. 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.