NEOS Investment Management LLC Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

NEOS Investment Management LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 29.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,180 shares of the real estate investment trust’s stock after purchasing an additional 3,729 shares during the quarter. NEOS Investment Management LLC’s holdings in Digital Realty Trust were worth $2,869,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Digital Realty Trust in the third quarter worth about $354,000. Kingsview Wealth Management LLC raised its holdings in Digital Realty Trust by 11.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,549 shares of the real estate investment trust’s stock worth $413,000 after purchasing an additional 272 shares during the period. Townsquare Capital LLC boosted its position in Digital Realty Trust by 3.8% during the third quarter. Townsquare Capital LLC now owns 4,757 shares of the real estate investment trust’s stock worth $770,000 after purchasing an additional 175 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in Digital Realty Trust by 24.0% in the third quarter. Freedom Investment Management Inc. now owns 5,726 shares of the real estate investment trust’s stock valued at $927,000 after purchasing an additional 1,107 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in shares of Digital Realty Trust by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,711 shares of the real estate investment trust’s stock worth $1,733,000 after buying an additional 314 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Barclays cut their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. JMP Securities reiterated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Finally, Truist Financial decreased their target price on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Two research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.32.

Digital Realty Trust Stock Down 2.0 %

Shares of NYSE DLR opened at $142.10 on Friday. The company has a market capitalization of $47.84 billion, a P/E ratio of 87.71, a P/E/G ratio of 4.38 and a beta of 0.65. 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 company has a 50 day simple moving average of $160.10 and a 200-day simple moving average of $169.75. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.43%. Digital Realty Trust’s payout ratio is currently 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.