Thrivent Financial for Lutherans Sells 5,145 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Thrivent Financial for Lutherans reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,175 shares of the real estate investment trust’s stock after selling 5,145 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Digital Realty Trust were worth $10,494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DLR. PDS Planning Inc boosted its stake in Digital Realty Trust by 7.4% during the 4th quarter. PDS Planning Inc now owns 1,428 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 98 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in Digital Realty Trust by 93.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 1,177 shares during the last quarter. 1ST Source Bank boosted its stake in Digital Realty Trust by 11.1% during the 4th quarter. 1ST Source Bank now owns 4,886 shares of the real estate investment trust’s stock valued at $866,000 after purchasing an additional 490 shares during the last quarter. Signaturefd LLC boosted its holdings in Digital Realty Trust by 3.6% in the fourth quarter. Signaturefd LLC now owns 4,302 shares of the real estate investment trust’s stock worth $763,000 after purchasing an additional 150 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Digital Realty Trust by 9.6% in the 4th quarter. Parallel Advisors LLC now owns 4,553 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 399 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Down 0.4 %

DLR opened at $150.76 on Friday. 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. The firm’s fifty day moving average is $162.82 and its 200 day moving average is $169.91. The stock has a market cap of $50.75 billion, a price-to-earnings ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

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 for the quarter, beating 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, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 3.24%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Analysts Set New Price Targets

A number of research firms have commented on DLR. JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock 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 issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

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.