Sterling Capital Management LLC Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Sterling Capital Management LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 14.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,135 shares of the real estate investment trust’s stock after buying an additional 6,917 shares during the period. Sterling Capital Management LLC’s holdings in Digital Realty Trust were worth $9,777,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $35,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in Digital Realty Trust by 480.6% during the fourth 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 purchased a new position in Digital Realty Trust in the 4th quarter worth approximately $37,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DLR. Barclays cut 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 research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Mizuho reduced their price objective on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $184.33.

Digital Realty Trust Stock Down 2.3 %

Shares of Digital Realty Trust stock opened at $142.35 on Friday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The firm has a market cap of $47.92 billion, a price-to-earnings ratio of 87.87, a PEG ratio of 4.38 and a beta of 0.92. The company has a 50-day moving average of $153.53 and a 200 day moving average of $168.40. 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 announced its earnings results 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 net margin of 10.85% and a return on equity of 2.97%. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share 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 $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) 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.