PNC Financial Services Group Inc. Buys 228 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

PNC Financial Services Group Inc. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,548 shares of the real estate investment trust’s stock after purchasing an additional 228 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Digital Realty Trust were worth $7,190,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC increased its stake in shares of Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 59 shares in the last quarter. Stolper Co increased its stake in shares of Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after acquiring an additional 64 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 64 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of Digital Realty Trust by 6.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 67 shares in the last quarter. Finally, Catalina Capital Group LLC increased its stake in shares of Digital Realty Trust by 3.1% in the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 72 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DLR has been the subject of several research reports. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Truist Financial decreased their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.11.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $151.67 on Thursday. The firm has a 50 day moving average of $166.91 and a 200 day moving average of $169.95. 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 market capitalization of $51.06 billion, a price-to-earnings ratio of 93.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced 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 net margin of 10.85% and a return on equity of 2.97%. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given 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 3.22%. Digital Realty Trust’s payout ratio is currently 301.23%.

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.