Pitcairn Co. Buys New Position in Digital Realty Trust, Inc. (NYSE:DLR)

Pitcairn Co. purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,235 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at $35,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc boosted its stake in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter worth $37,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DLR shares. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. 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 report on Thursday, March 20th. Wells Fargo & Company cut their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Truist Financial cut their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.33.

Digital Realty Trust Trading Down 2.6 %

Digital Realty Trust stock opened at $137.45 on Monday. Digital Realty Trust, Inc. has a one year low of $133.95 and a one year high of $198.00. The company’s fifty day moving average price is $156.26 and its two-hundred day moving average price is $169.36. The company has a market capitalization of $46.27 billion, a price-to-earnings ratio of 84.85, a PEG ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

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 for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share 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 given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, March 14th. 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.