Ninepoint Partners LP Buys 514 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Ninepoint Partners LP lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,530 shares of the real estate investment trust’s stock after acquiring an additional 514 shares during the period. Ninepoint Partners LP’s holdings in Digital Realty Trust were worth $1,335,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after acquiring an additional 117,461 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after acquiring an additional 3,607,802 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock worth $700,486,000 after acquiring an additional 79,322 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Digital Realty Trust by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock worth $644,196,000 after acquiring an additional 122,090 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Digital Realty Trust by 10.2% during the 4th quarter. Amundi now owns 1,451,440 shares of the real estate investment trust’s stock worth $262,522,000 after acquiring an additional 134,228 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a research note on Tuesday, February 18th. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.11.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $148.41 on Friday. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 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. The company’s 50-day moving average is $165.62 and its 200 day moving average is $169.90. The stock has a market capitalization of $49.96 billion, a P/E ratio of 91.61, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.