Corebridge Financial Inc. Decreases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Corebridge Financial Inc. decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,547 shares of the real estate investment trust’s stock after selling 3,379 shares during the period. Corebridge Financial Inc.’s holdings in Digital Realty Trust were worth $14,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust during the fourth 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 raised its position in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $37,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 2.7 %

Shares of DLR stock opened at $151.23 on Wednesday. The company has a market capitalization of $50.91 billion, a price-to-earnings ratio of 93.35, a PEG 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. The firm has a 50-day moving average price of $162.04 and a 200 day moving average price of $170.12. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (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%. Research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 3.23%. Digital Realty Trust’s payout ratio is 301.23%.

Analysts Set New Price Targets

Several research analysts have weighed in on DLR shares. Scotiabank upgraded 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. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Finally, Truist Financial reduced their target price on 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 investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $179.95.

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.