Citigroup Inc. Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Citigroup Inc. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,411 shares of the real estate investment trust’s stock after purchasing an additional 14,985 shares during the quarter. Citigroup Inc. owned about 0.11% of Digital Realty Trust worth $57,516,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in shares of Digital Realty Trust by 5.5% during the third quarter. Raymond James Trust N.A. now owns 42,991 shares of the real estate investment trust’s stock worth $6,957,000 after acquiring an additional 2,226 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Digital Realty Trust by 0.6% during the third quarter. Pacer Advisors Inc. now owns 453,941 shares of the real estate investment trust’s stock worth $73,461,000 after acquiring an additional 2,672 shares during the last quarter. Trustmark National Bank Trust Department increased its position in shares of Digital Realty Trust by 8.9% during the third quarter. Trustmark National Bank Trust Department now owns 7,816 shares of the real estate investment trust’s stock worth $1,265,000 after acquiring an additional 640 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Digital Realty Trust by 6.2% during the third quarter. Advisors Asset Management Inc. now owns 36,700 shares of the real estate investment trust’s stock worth $5,939,000 after acquiring an additional 2,130 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Digital Realty Trust during the third quarter worth about $354,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen lifted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Truist Financial lifted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays lifted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Finally, HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $189.84 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $169.56 and a 200-day simple moving average of $156.43. The company has a market cap of $62.97 billion, a PE ratio of 159.53, a P/E/G ratio of 4.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 earnings per share. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.57%. Digital Realty Trust’s payout ratio is 410.08%.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.