Geode Capital Management LLC Raises Position in Digital Realty Trust, Inc. (NYSE:DLR)

Geode Capital Management LLC increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,527,649 shares of the real estate investment trust’s stock after purchasing an additional 281,704 shares during the period. Geode Capital Management LLC’s holdings in Digital Realty Trust were worth $1,508,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Townsquare Capital LLC increased its stake in Digital Realty Trust by 3.8% during the 3rd quarter. Townsquare Capital LLC now owns 4,757 shares of the real estate investment trust’s stock valued at $770,000 after purchasing an additional 175 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of Digital Realty Trust by 20.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 2,231 shares of the real estate investment trust’s stock valued at $361,000 after acquiring an additional 379 shares during the period. Aureus Asset Management LLC purchased a new position in Digital Realty Trust in the 3rd quarter worth $210,000. Benjamin Edwards Inc. lifted its position in Digital Realty Trust by 10,864.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 37,279 shares of the real estate investment trust’s stock worth $6,035,000 after acquiring an additional 36,939 shares during the period. Finally, Centiva Capital LP grew its stake in Digital Realty Trust by 88.6% during the 3rd quarter. Centiva Capital LP now owns 12,295 shares of the real estate investment trust’s stock valued at $1,990,000 after purchasing an additional 5,776 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

DLR stock opened at $146.00 on Wednesday. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a market capitalization of $49.15 billion, a PE ratio of 90.12, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The business has a 50 day simple moving average of $158.65 and a 200-day simple moving average of $169.71.

Digital Realty Trust (NYSE:DLR) last issued its earnings results 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 return on equity of 2.97% and a net margin of 10.85%. Equities research 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DLR shares. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Truist Financial cut their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Barclays decreased their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Finally, Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $180.32.

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.