Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,211,270 shares of the real estate investment trust’s stock after selling 105,106 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Digital Realty Trust were worth $392,125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in shares of Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock worth $2,400,000 after purchasing an additional 527 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in Digital Realty Trust by 17.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after buying an additional 9,959 shares during the last quarter. Capital Investment Advisors LLC increased its position in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after buying an additional 11,405 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after buying an additional 23,028 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in shares of Digital Realty Trust by 74.1% in the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock valued at $3,262,000 after acquiring an additional 7,781 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $144.95 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The company has a 50-day simple moving average of $160.83 and a 200-day simple moving average of $169.80. The company has a market capitalization of $48.80 billion, a PE ratio of 89.48, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 annualized dividend and a yield of 3.37%. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays cut 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 report on Thursday, March 20th. JMP Securities restated a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased 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 note on Friday, February 14th. Truist Financial dropped their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Finally, Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Two 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.