Cozad Asset Management Inc. Decreases Position in Digital Realty Trust, Inc. (NYSE:DLR)

Cozad Asset Management Inc. lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,094 shares of the real estate investment trust’s stock after selling 1,269 shares during the quarter. Cozad Asset Management Inc.’s holdings in Digital Realty Trust were worth $3,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DLR. Pathway Financial Advisers LLC lifted its holdings in shares of Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after purchasing an additional 1,838,278 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Digital Realty Trust by 543.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after purchasing an additional 1,773,591 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Digital Realty Trust by 15,105.0% during the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock valued at $121,006,000 after purchasing an additional 790,596 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its holdings in shares of Digital Realty Trust by 220.7% during the 2nd quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after purchasing an additional 716,816 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company upped their target price on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Truist Financial upped their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Raymond James upped their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $167.68.

Digital Realty Trust Price Performance

NYSE:DLR opened at $173.62 on Thursday. Digital Realty Trust, Inc. has a 52 week low of $126.22 and a 52 week high of $193.88. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $57.59 billion, a PE ratio of 145.90, a price-to-earnings-growth ratio of 5.66 and a beta of 0.59. The stock’s 50-day moving average price is $162.36 and its 200-day moving average price is $152.93.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $1.62 earnings per share. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.7 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.