Securian Asset Management Inc. Lowers Position in Digital Realty Trust, Inc. (NYSE:DLR)

Securian Asset Management Inc. decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,665 shares of the real estate investment trust’s stock after selling 356 shares during the period. Securian Asset Management Inc.’s holdings in Digital Realty Trust were worth $2,955,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DLR. Private Advisor Group LLC raised its stake in Digital Realty Trust by 4.1% in the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock worth $2,400,000 after buying an additional 527 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after acquiring an additional 9,959 shares during the period. Capital Investment Advisors LLC raised its position in shares of Digital Realty Trust by 26.4% in the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after acquiring an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Digital Realty Trust by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its position in Digital Realty Trust by 74.1% during the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock valued at $3,262,000 after purchasing an additional 7,781 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 3.2 %

DLR stock opened at $151.67 on Thursday. 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’s fifty day simple moving average is $166.91 and its 200-day simple moving average is $169.95. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The company has a market capitalization of $51.06 billion, a P/E ratio of 93.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Analysts Set New Price Targets

A number of brokerages have commented on DLR. Truist Financial reduced 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. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a research note on Tuesday, February 18th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays upped their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Finally, JMP Securities reissued a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $180.11.

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.