Envestnet Asset Management Inc. trimmed its position in Digital Realty (NYSE:DLR) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,611 shares of the real estate investment trust’s stock after selling 2,860 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Digital Realty were worth $2,349,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in DLR. Dimensional Fund Advisors LP increased its position in Digital Realty by 29.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,888,529 shares of the real estate investment trust’s stock worth $341,788,000 after purchasing an additional 664,982 shares during the period. Capital International Investors grew its position in shares of Digital Realty by 18.0% during the 3rd quarter. Capital International Investors now owns 1,595,600 shares of the real estate investment trust’s stock worth $188,807,000 after buying an additional 243,100 shares during the period. BlackRock Inc. grew its position in shares of Digital Realty by 1.2% during the 4th quarter. BlackRock Inc. now owns 20,182,465 shares of the real estate investment trust’s stock worth $2,298,785,000 after buying an additional 238,690 shares during the period. Janus Henderson Group PLC grew its position in shares of Digital Realty by 25.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,143,254 shares of the real estate investment trust’s stock worth $135,283,000 after buying an additional 231,875 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Digital Realty by 75.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 501,682 shares of the real estate investment trust’s stock worth $57,142,000 after buying an additional 215,550 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.
Several equities analysts have recently issued reports on DLR shares. Wells Fargo upgraded Digital Realty from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $109.31 to $120.00 in a research report on Friday, December 22nd. Zacks Investment Research lowered Digital Realty from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Credit Suisse Group set a $95.00 target price on Digital Realty and gave the stock a “hold” rating in a research report on Saturday, February 17th. Citigroup upgraded Digital Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $105.12 to $120.00 in a research report on Wednesday, February 14th. Finally, ValuEngine upgraded Digital Realty from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Digital Realty has a consensus rating of “Buy” and a consensus target price of $122.25.
NYSE:DLR opened at $104.30 on Friday. Digital Realty has a fifty-two week low of $96.56 and a fifty-two week high of $127.23. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88. The stock has a market cap of $21,617.53, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.37 and a beta of -0.02.
Digital Realty (NYSE:DLR) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($1.18). Digital Realty had a net margin of 10.10% and a return on equity of 4.03%. The business had revenue of $731.45 million for the quarter, compared to the consensus estimate of $729.30 million. equities analysts expect that Digital Realty will post 6.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Wednesday, March 14th. This is a boost from Digital Realty’s previous quarterly dividend of $0.93. Digital Realty’s payout ratio is 65.80%.
In other news, SVP Christopher Kenney sold 10,000 shares of Digital Realty stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the transaction, the senior vice president now owns 10,000 shares in the company, valued at approximately $1,034,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.
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Digital Realty Company Profile
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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