Quantbot Technologies LP Buys Shares of 6,915 Digital Realty Trust, Inc. (NYSE:DLR)

Quantbot Technologies LP purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,915 shares of the real estate investment trust’s stock, valued at approximately $1,226,000.

A number of other institutional investors and hedge funds have also modified their holdings of DLR. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $35,000. Fairway Wealth LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at about $35,000. Versant Capital Management Inc lifted its stake in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new position in Digital Realty Trust during the fourth quarter worth about $37,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $151.23 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The firm has a fifty day simple moving average of $162.04 and a 200 day simple moving average of $170.12. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last announced 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%. Research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Wall Street Analyst Weigh In

DLR has been the topic of a number of analyst reports. Barclays cut their price target 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. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Truist Financial lowered their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.95.

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.