QRG Capital Management Inc. Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

QRG Capital Management Inc. lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,101 shares of the real estate investment trust’s stock after buying an additional 4,662 shares during the quarter. QRG Capital Management Inc.’s holdings in Digital Realty Trust were worth $6,756,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc boosted its stake in shares of 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 worth $37,000 after buying an additional 173 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $37,000. Finally, First Financial Corp IN purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DLR. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Scotiabank raised 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. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.00.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

NYSE:DLR opened at $156.38 on Friday. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year 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. The stock has a market cap of $51.87 billion, a PE ratio of 96.53, a P/E/G ratio of 4.38 and a beta of 0.63. The stock has a 50 day moving average price of $171.26 and a 200 day moving average price of $169.75.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 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 expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.12%. 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.