Carret Asset Management LLC Sells 75 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Carret Asset Management LLC trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,045 shares of the real estate investment trust’s stock after selling 75 shares during the quarter. Carret Asset Management LLC’s holdings in Digital Realty Trust were worth $1,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Digital Realty Trust during the fourth quarter worth $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust during the fourth quarter worth $35,000. Fairway Wealth LLC bought a new position in Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc boosted 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 worth $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 worth $37,000. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DLR has been the subject of a number of recent research reports. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. JPMorgan Chase & Co. boosted their target price 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. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.11.

Digital Realty Trust Stock Up 1.7 %

DLR stock opened at $148.41 on Friday. The stock has a market capitalization of $49.96 billion, a P/E ratio of 91.61, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The firm has a 50-day moving average price of $165.62 and a 200-day moving average price of $169.77.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS 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, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS 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. Stockholders of record on Friday, March 14th will be issued a $1.22 dividend. 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 3.29%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 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.