Duff & Phelps Investment Management Co. Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Duff & Phelps Investment Management Co. boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,296,118 shares of the real estate investment trust’s stock after acquiring an additional 10,235 shares during the period. Digital Realty Trust accounts for about 2.8% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 4th largest position. Duff & Phelps Investment Management Co. owned about 0.39% of Digital Realty Trust worth $229,841,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DLR. Private Advisor Group LLC boosted its holdings in Digital Realty Trust by 4.1% during the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock valued at $2,400,000 after acquiring an additional 527 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its stake in Digital Realty Trust by 17.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after purchasing an additional 9,959 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Digital Realty Trust by 26.4% in the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after acquiring an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Digital Realty Trust by 6.4% during the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after acquiring an additional 23,028 shares in the last quarter. Finally, Leavell Investment Management Inc. lifted its stake in shares of Digital Realty Trust by 74.1% during the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock worth $3,262,000 after buying an additional 7,781 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 3.0 %

Shares of NYSE DLR opened at $144.95 on Friday. 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, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The business has a 50 day simple moving average of $160.83 and a 200 day simple moving average of $169.80. The stock has a market cap of $48.80 billion, a price-to-earnings ratio of 89.48, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DLR. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Truist Financial cut their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised 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 research note on Wednesday, January 15th. Scotiabank upgraded 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. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $179.95.

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.