KCM Investment Advisors LLC Raises Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

KCM Investment Advisors LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,796 shares of the real estate investment trust’s stock after acquiring an additional 405 shares during the period. KCM Investment Advisors LLC’s holdings in Digital Realty Trust were worth $673,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DLR. Vanguard Group Inc. grew its position in Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after purchasing an additional 469,823 shares during the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth about $3,858,428,000. Geode Capital Management LLC grew its holdings in shares of Digital Realty Trust by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock worth $1,508,612,000 after buying an additional 281,704 shares during the last quarter. Principal Financial Group Inc. raised its stake in Digital Realty Trust by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after acquiring an additional 79,322 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Digital Realty Trust by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock worth $644,196,000 after acquiring an additional 122,090 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 2.6 %

Shares of DLR opened at $137.45 on Friday. Digital Realty Trust, Inc. has a 1-year low of $135.53 and a 1-year high of $198.00. 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 has a 50 day simple moving average of $156.26 and a 200-day simple moving average of $169.28. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 84.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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%. 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.55%. Digital Realty Trust’s payout ratio is currently 301.23%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $184.33.

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.