Cozad Asset Management Inc. Decreases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Cozad Asset Management Inc. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,851 shares of the real estate investment trust’s stock after selling 243 shares during the quarter. Cozad Asset Management Inc.’s holdings in Digital Realty Trust were worth $3,520,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DLR. Impax Asset Management Group plc purchased a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $1,082,000. OneDigital Investment Advisors LLC increased its holdings in 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 during the last quarter. CIBC Asset Management Inc increased its holdings in Digital Realty Trust by 4.1% in the 3rd quarter. CIBC Asset Management Inc now owns 45,097 shares of the real estate investment trust’s stock worth $7,298,000 after acquiring an additional 1,778 shares during the last quarter. Empowered Funds LLC increased its holdings in Digital Realty Trust by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock worth $799,000 after acquiring an additional 417 shares during the last quarter. Finally, Coastline Trust Co purchased a new stake in Digital Realty Trust in the 3rd quarter worth about $178,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $148.41 on Monday. The stock has a market cap of $49.96 billion, a price-to-earnings ratio of 91.61, a P/E/G 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. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The stock’s 50-day moving average is $165.62 and its 200 day moving average is $170.04.

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 for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.29%. Digital Realty Trust’s dividend payout ratio is 301.23%.

Analyst Ratings Changes

DLR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. JMP Securities reissued a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Barclays lifted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Finally, Truist Financial cut their target price on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Two equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $180.11.

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.