Commerzbank Aktiengesellschaft FI Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,919 shares of the real estate investment trust’s stock, valued at approximately $339,000.

A number of other large investors also recently bought and sold shares of the stock. Synergy Investment Management LLC purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $142,000. Charles Schwab Investment Management Inc. increased its position in shares of Digital Realty Trust by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock worth $644,196,000 after acquiring an additional 122,090 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Digital Realty Trust by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 84,581 shares of the real estate investment trust’s stock worth $14,999,000 after acquiring an additional 800 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth $650,000. Finally, Investment Partners LTD. acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth $221,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DLR shares. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Truist Financial increased their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $181.00.

Digital Realty Trust Trading Up 1.2 %

Digital Realty Trust stock opened at $157.48 on Thursday. The firm’s 50-day moving average is $169.84 and its 200-day moving average is $170.01. 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 1 year low of $135.54 and a 1 year high of $198.00. The company has a market cap of $53.01 billion, a P/E ratio of 97.21, a PEG ratio of 4.38 and a beta of 0.65.

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

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given 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 dividend yield of 3.10%. Digital Realty Trust’s payout ratio is currently 301.23%.

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.