Legal & General Group Plc Decreases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Legal & General Group Plc cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 16.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,873,949 shares of the real estate investment trust’s stock after selling 768,794 shares during the quarter. Legal & General Group Plc’s holdings in Digital Realty Trust were worth $686,967,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its stake 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 worth $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $137.45 on Monday. Digital Realty Trust, Inc. has a 1-year low of $133.20 and a 1-year high of $198.00. The firm has a 50 day simple moving average of $156.26 and a 200-day simple moving average of $169.36. The firm has a market cap of $46.27 billion, a PE ratio of 84.85, a P/E/G ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 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%. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.55%. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DLR. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Truist Financial lowered their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $184.33.

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.