Korea Investment CORP Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Korea Investment CORP lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 15.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 244,812 shares of the real estate investment trust’s stock after selling 44,463 shares during the period. Korea Investment CORP owned about 0.07% of Digital Realty Trust worth $43,413,000 at the end of the most recent quarter.

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

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $144.95 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The stock has a market capitalization of $48.80 billion, a price-to-earnings ratio of 89.48, a PEG ratio of 4.38 and a beta of 0.65. The firm’s 50 day simple moving average is $160.83 and its 200-day simple moving average is $169.80. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00.

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 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%. Analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of recent analyst reports. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price 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.