Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 57.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,080,550 shares of the real estate investment trust’s stock after purchasing an additional 1,854,748 shares during the quarter. Northern Trust Corp owned about 1.53% of Digital Realty Trust worth $900,934,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% in the 4th 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 last quarter. Finally, Centricity Wealth Management LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.4 %

NYSE DLR opened at $160.50 on Tuesday. 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 firm’s fifty day moving average price is $149.92 and its 200 day moving average price is $167.72. The company has a market capitalization of $54.05 billion, a price-to-earnings ratio of 99.07, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm posted $1.67 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Analysts Set New Price Targets

DLR has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Mizuho cut their price objective on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Jefferies Financial Group reissued a “buy” rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday. Scotiabank lowered their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $183.05.

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.