Nuveen Asset Management LLC Has $490.89 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Nuveen Asset Management LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,768,198 shares of the real estate investment trust’s stock after selling 146,303 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.83% of Digital Realty Trust worth $490,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at $35,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at $35,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at $37,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust in the 4th quarter valued at $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DLR. Scotiabank decreased their target price on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 22nd. Truist Financial decreased their target price on Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating for the company in a research report on Monday. New Street Research raised Digital Realty Trust to a “hold” rating in a research report on Monday, April 28th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Citigroup decreased their target price on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $183.85.

Digital Realty Trust Stock Down 0.4%

DLR stock opened at $165.21 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $55.64 billion, a PE ratio of 101.98, a PEG ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock has a 50-day simple moving average of $151.63 and a two-hundred day simple moving average of $167.63.

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

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s payout ratio is presently 456.07%.

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.