OVERSEA CHINESE BANKING Corp Ltd Has $11.77 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,351 shares of the real estate investment trust’s stock after selling 8,291 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Digital Realty Trust were worth $11,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DLR. Sierra Ocean LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of 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 lifted 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 buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in Digital Realty Trust during the fourth quarter valued at $37,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DLR has been the topic of a number of recent analyst reports. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Truist Financial decreased their price target 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.11.

Digital Realty Trust Trading Down 2.1 %

Shares of Digital Realty Trust stock opened at $148.63 on Wednesday. The company has a market capitalization of $50.03 billion, a P/E ratio of 91.74, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The stock has a fifty day simple moving average of $164.45 and a 200 day simple moving average of $170.04. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. 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 (NYSE:DLR) last announced its 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 net margin of 10.85% and a return on equity of 2.97%. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid 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 3.28%. Digital Realty Trust’s 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.