Cramer Rosenthal Mcglynn LLC Has $8.34 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Cramer Rosenthal Mcglynn LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,042 shares of the real estate investment trust’s stock after selling 596 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Digital Realty Trust were worth $8,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Norges Bank acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $3,858,428,000. Alliancebernstein L.P. lifted its position in shares of Digital Realty Trust by 91.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust’s stock worth $271,279,000 after buying an additional 731,690 shares during the last quarter. Raymond James Financial Inc. bought a new position in Digital Realty Trust in the fourth quarter valued at about $125,336,000. Invesco Ltd. lifted its holdings in shares of Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock worth $692,630,000 after acquiring an additional 607,132 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock valued at $9,124,193,000 after purchasing an additional 469,823 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on DLR shares. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research note on Tuesday, February 18th. Barclays lowered their price objective on 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. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Wells Fargo & Company dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Truist Financial dropped their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.79.

Digital Realty Trust Stock Up 1.8 %

Shares of NYSE DLR opened at $150.83 on Friday. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a market cap of $50.79 billion, a P/E ratio of 93.10, a P/E/G ratio of 4.38 and a beta of 0.92. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The business has a 50-day simple moving average of $151.60 and a two-hundred day simple moving average of $167.86.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

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.