Holderness Investments Co. Takes $273,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Holderness Investments Co. bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,541 shares of the real estate investment trust’s stock, valued at approximately $273,000.

Several other large investors have also added to or reduced their stakes in DLR. OneDigital Investment Advisors LLC raised its position in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 59 shares during the period. Empowered Funds LLC lifted its position in shares of Digital Realty Trust by 9.2% in the third quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock valued at $799,000 after acquiring an additional 417 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Digital Realty Trust by 3.1% in the third quarter. Thrivent Financial for Lutherans now owns 64,320 shares of the real estate investment trust’s stock worth $10,409,000 after acquiring an additional 1,960 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Digital Realty Trust by 8.9% during the third quarter. PNC Financial Services Group Inc. now owns 40,320 shares of the real estate investment trust’s stock worth $6,525,000 after purchasing an additional 3,284 shares in the last quarter. Finally, Commerce Bank raised its stake in Digital Realty Trust by 4.6% during the 3rd quarter. Commerce Bank now owns 7,649 shares of the real estate investment trust’s stock valued at $1,238,000 after purchasing an additional 339 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.2 %

DLR stock opened at $151.40 on Friday. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The firm’s 50-day moving average is $163.27 and its 200 day moving average is $169.78. The company has a market capitalization of $50.97 billion, a PE ratio of 93.46, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates 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 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DLR. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a research note on Tuesday, February 18th. Truist Financial cut their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Finally, Wells Fargo & Company decreased their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. 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 assigned a strong buy rating to the stock. According to 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.