Digital Realty Trust, Inc. (NYSE:DLR) Position Reduced by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 84.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,821 shares of the real estate investment trust’s stock after selling 48,622 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Digital Realty Trust were worth $1,564,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DLR. Wilmington Savings Fund Society FSB acquired a new stake in Digital Realty Trust during the 3rd quarter valued at $657,000. Synovus Financial Corp grew its holdings in shares of Digital Realty Trust by 6.9% during the third quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust’s stock valued at $1,057,000 after buying an additional 421 shares in the last quarter. Retirement Systems of Alabama raised its position in Digital Realty Trust by 2.6% during the third quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust’s stock valued at $41,090,000 after buying an additional 6,360 shares during the period. FFG Partners LLC acquired a new position in Digital Realty Trust during the third quarter valued at $10,446,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Digital Realty Trust by 13.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust’s stock worth $559,000 after acquiring an additional 424 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DLR. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday. Barclays decreased 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. Mizuho dropped their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Finally, Scotiabank cut their price objective on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $183.05.

Digital Realty Trust Price Performance

NYSE DLR opened at $160.50 on Tuesday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a fifty day simple moving average of $149.92 and a 200 day simple moving average of $167.72. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a market cap of $54.05 billion, a P/E ratio of 99.07, a P/E/G ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 earnings per share. On average, sell-side analysts predict 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 was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.04%. Digital Realty Trust’s dividend payout ratio is 301.23%.

About Digital Realty Trust

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.