Quantbot Technologies LP Purchases Shares of 6,915 Digital Realty Trust, Inc. (NYSE:DLR)

Quantbot Technologies LP acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 6,915 shares of the real estate investment trust’s stock, valued at approximately $1,226,000.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in Digital Realty Trust in the 4th quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $35,000. Versant Capital Management Inc lifted its holdings in 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 purchasing an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $151.23 on Wednesday. The firm has a 50 day simple moving average of $162.04 and a 200 day simple moving average of $170.12. The company has a market cap of $50.91 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a one year low of $135.54 and a one 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.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Truist Financial lowered 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 report on Monday, March 10th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a research report on Tuesday, February 18th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Barclays reduced their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

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.