Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Allstate Corp

Allstate Corp boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 38.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,567 shares of the real estate investment trust’s stock after buying an additional 6,029 shares during the period. Allstate Corp’s holdings in Digital Realty Trust were worth $3,824,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth $35,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $35,000. Versant Capital Management Inc boosted its holdings in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 2.0 %

NYSE:DLR opened at $142.10 on Friday. The stock has a 50-day simple moving average of $160.10 and a 200 day simple moving average of $169.75. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The company has a market capitalization of $47.84 billion, a price-to-earnings ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last issued its quarterly 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 return on equity of 2.97% and a net margin of 10.85%. Sell-side 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 will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. Digital Realty Trust’s payout ratio is currently 301.23%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DLR shares. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Truist Financial decreased their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company 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 report on Tuesday, February 18th. Finally, Wells Fargo & Company cut their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $180.32.

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.