OneAscent Financial Services LLC decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 35.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,033 shares of the real estate investment trust’s stock after selling 3,263 shares during the quarter. OneAscent Financial Services LLC’s holdings in Digital Realty Trust were worth $933,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Digital Realty Trust by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock valued at $8,394,620,000 after buying an additional 854,828 shares in the last quarter. Norges Bank acquired a new stake in Digital Realty Trust in the fourth quarter valued at $3,402,995,000. Geode Capital Management LLC raised its stake in Digital Realty Trust by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock valued at $1,423,373,000 after buying an additional 197,180 shares in the last quarter. Bank of America Corp DE raised its stake in Digital Realty Trust by 6.6% in the third quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock valued at $1,543,914,000 after buying an additional 553,907 shares in the last quarter. Finally, APG Asset Management US Inc. raised its stake in Digital Realty Trust by 0.3% in the third quarter. APG Asset Management US Inc. now owns 8,638,801 shares of the real estate investment trust’s stock valued at $1,481,122,000 after buying an additional 23,430 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Down 0.9%
DLR opened at $187.06 on Friday. The business’s 50-day simple moving average is $190.95 and its 200-day simple moving average is $174.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The stock has a market capitalization of $65.73 billion, a P/E ratio of 49.36, a price-to-earnings-growth ratio of 5.08 and a beta of 1.02.
Digital Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 128.76%.
Analyst Ratings Changes
A number of research firms have weighed in on DLR. Citigroup restated an “outperform” rating on shares of Digital Realty Trust in a research note on Monday, April 27th. Barclays raised their price target on Digital Realty Trust from $182.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Sanford C. Bernstein raised their price target on Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Evercore raised their price target on Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Finally, Scotiabank raised their price target on Digital Realty Trust from $195.00 to $222.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $215.89.
Read Our Latest Research Report on DLR
Digital Realty Trust Profile
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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