Financial Counselors Inc. Decreases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Financial Counselors Inc. cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,529 shares of the real estate investment trust’s stock after selling 4,846 shares during the period. Financial Counselors Inc.’s holdings in Digital Realty Trust were worth $22,083,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DLR. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Digital Realty Trust during the 3rd quarter worth approximately $354,000. Cerity Partners LLC increased its stake in shares of Digital Realty Trust by 63.6% during the 3rd quarter. Cerity Partners LLC now owns 46,355 shares of the real estate investment trust’s stock valued at $7,502,000 after acquiring an additional 18,024 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in Digital Realty Trust by 11.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,549 shares of the real estate investment trust’s stock worth $413,000 after purchasing an additional 272 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in Digital Realty Trust by 22.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,868 shares of the real estate investment trust’s stock valued at $788,000 after purchasing an additional 881 shares in the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Digital Realty Trust during the third quarter worth about $201,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 2.7 %

Digital Realty Trust stock opened at $151.23 on Wednesday. The company’s 50-day moving average price is $162.04 and its two-hundred day moving average price is $170.12. The stock has a market cap of $50.91 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

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

Digital Realty Trust Announces Dividend

The firm also recently announced 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 dividend yield of 3.23%. Digital Realty Trust’s payout ratio is currently 301.23%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DLR shares. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Truist Financial decreased their target price 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. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays decreased their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday, March 20th. Finally, Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a report on Tuesday, February 18th. Two 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’s stock. According to MarketBeat.com, the stock currently 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.