Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Washington Trust Bank

Washington Trust Bank cut its position in Digital Realty Trust, Inc. (NYSE:DLR) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,429 shares of the real estate investment trust’s stock after selling 3,773 shares during the quarter. Washington Trust Bank’s holdings in Digital Realty Trust were worth $6,637,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Holderness Investments Co. acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $273,000. HUB Investment Partners LLC lifted its stake in shares of Digital Realty Trust by 3.8% in the 4th quarter. HUB Investment Partners LLC now owns 2,349 shares of the real estate investment trust’s stock worth $417,000 after acquiring an additional 85 shares during the period. BluePointe Capital Management LLC boosted its holdings in shares of Digital Realty Trust by 2.9% in the fourth quarter. BluePointe Capital Management LLC now owns 3,272 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 93 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Digital Realty Trust by 41.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 174,114 shares of the real estate investment trust’s stock worth $30,876,000 after purchasing an additional 50,614 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Digital Realty Trust by 31.0% in the fourth quarter. Teacher Retirement System of Texas now owns 43,136 shares of the real estate investment trust’s stock valued at $7,649,000 after purchasing an additional 10,210 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $150.76 on Friday. 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 company has a market capitalization of $50.75 billion, a PE ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The business’s 50-day moving average price is $162.82 and its 200 day moving average price is $169.77. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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 predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.24%. Digital Realty Trust’s payout ratio is 301.23%.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Barclays lowered their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research report on Thursday. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company dropped their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

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.