DnB Asset Management AS Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

DnB Asset Management AS grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,552 shares of the real estate investment trust’s stock after purchasing an additional 22,069 shares during the quarter. DnB Asset Management AS’s holdings in Digital Realty Trust were worth $15,880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLR. Sierra Ocean LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth $35,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $35,000. Versant Capital Management Inc increased 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 purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded 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. Finally, Wells Fargo & Company dropped their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.32.

Digital Realty Trust Trading Down 2.0 %

Shares of DLR opened at $142.10 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. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The stock has a market cap of $47.84 billion, a price-to-earnings ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The firm has a 50 day simple moving average of $160.10 and a 200-day simple moving average of $169.75.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 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.