Meiji Yasuda Asset Management Co Ltd. Decreases Position in Digital Realty Trust, Inc. (NYSE:DLR)

Meiji Yasuda Asset Management Co Ltd. reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,304 shares of the real estate investment trust’s stock after selling 320 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Digital Realty Trust were worth $1,295,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Digital Realty Trust in the 3rd quarter valued at $354,000. Cerity Partners LLC raised its position in shares of Digital Realty Trust by 63.6% in the third quarter. Cerity Partners LLC now owns 46,355 shares of the real estate investment trust’s stock valued at $7,502,000 after buying an additional 18,024 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Digital Realty Trust by 11.9% in the third quarter. Kingsview Wealth Management LLC now owns 2,549 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 272 shares in the last quarter. DRW Securities LLC acquired a new position in Digital Realty Trust during the third quarter worth about $201,000. Finally, Truvestments Capital LLC purchased a new stake in Digital Realty Trust during the 3rd quarter valued at about $152,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Barclays reduced their price objective on 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. Wells Fargo & Company dropped their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted 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, Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Trading Down 1.4 %

NYSE DLR opened at $149.37 on Thursday. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The firm has a 50 day simple moving average of $161.53 and a 200-day simple moving average of $169.97. The firm has a market cap of $50.29 billion, a price-to-earnings ratio of 92.21, a PEG ratio of 4.38 and a beta of 0.65. 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 posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Digital Realty Trust 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.