Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Tufton Capital Management

Tufton Capital Management grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 41,262 shares of the real estate investment trust’s stock after purchasing an additional 373 shares during the quarter. Digital Realty Trust accounts for 1.4% of Tufton Capital Management’s portfolio, making the stock its 29th largest position. Tufton Capital Management’s holdings in Digital Realty Trust were worth $7,317,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its stake 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Digital Realty Trust by 501.7% in the third 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 buying an additional 3,607,802 shares during the period. Principal Financial Group Inc. boosted its position in shares of Digital Realty Trust by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock worth $700,486,000 after buying an additional 79,322 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Digital Realty Trust by 2.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock worth $261,375,000 after buying an additional 40,491 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of Digital Realty Trust by 16.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,285,883 shares of the real estate investment trust’s stock worth $208,094,000 after buying an additional 181,868 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of several recent analyst reports. Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Barclays lifted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Trading Down 1.3 %

Digital Realty Trust stock opened at $157.28 on Friday. The business has a 50 day moving average price of $171.70 and a two-hundred day moving average price of $169.69. 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 stock has a market cap of $52.17 billion, a price-to-earnings ratio of 97.08, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00.

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

Digital Realty Trust Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.10%. Digital Realty Trust’s dividend payout ratio (DPR) is 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.