Tabor Asset Management LP Grows Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Tabor Asset Management LP increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 14.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,483 shares of the real estate investment trust’s stock after purchasing an additional 3,146 shares during the quarter. Digital Realty Trust accounts for 2.2% of Tabor Asset Management LP’s portfolio, making the stock its 23rd largest position. Tabor Asset Management LP’s holdings in Digital Realty Trust were worth $4,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $29,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $37,000. Crews Bank & Trust bought a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $42,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $43,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DLR. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Truist Financial cut their price target on Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating for the company in a report on Monday, May 12th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $183.85.

Digital Realty Trust Trading Up 1.3%

Shares of DLR stock opened at $170.02 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $57.26 billion, a price-to-earnings ratio of 104.95, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock’s 50-day moving average price is $152.53 and its 200-day moving average price is $167.25.

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

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s payout ratio is 456.07%.

Digital Realty Trust Company 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.