Royal London Asset Management Ltd. Grows Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Royal London Asset Management Ltd. raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,437 shares of the real estate investment trust’s stock after acquiring an additional 15,373 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Digital Realty Trust were worth $22,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DLR. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $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 bought a new position in shares of Digital Realty Trust in the fourth quarter worth 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 period. Finally, Centricity Wealth Management LLC bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $150.76 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a fifty day moving average price of $162.82 and a 200 day moving average price of $169.77. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The firm has a market cap of $50.75 billion, a price-to-earnings ratio of 93.06, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping 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 expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.24%. Digital Realty Trust’s dividend payout ratio is 301.23%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JMP Securities restated 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 price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research report on Tuesday, February 18th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $179.95.

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.