Advisors Asset Management Inc. Has $7.12 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Advisors Asset Management Inc. increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,172 shares of the real estate investment trust’s stock after acquiring an additional 3,472 shares during the quarter. Advisors Asset Management Inc.’s holdings in Digital Realty Trust were worth $7,124,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter valued at about $35,000. Fairway Wealth LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings in shares of Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $37,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $148.63 on Wednesday. The firm’s fifty day moving average price is $164.45 and its two-hundred day moving average price is $170.04. The stock has a market cap of $50.03 billion, a PE ratio of 91.74, a PEG ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00.

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

Digital Realty Trust Dividend Announcement

The firm 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 $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.28%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DLR. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Truist Financial dropped their price objective on shares of 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. JMP Securities restated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two equities 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.