Charles Schwab Investment Management Inc. Buys 122,090 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Charles Schwab Investment Management Inc. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 3,632,752 shares of the real estate investment trust’s stock after acquiring an additional 122,090 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Digital Realty Trust were worth $644,196,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DLR. Farther Finance Advisors LLC boosted its position in Digital Realty Trust by 32.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,320 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 574 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Digital Realty Trust by 40.6% during the third quarter. Janney Montgomery Scott LLC now owns 43,440 shares of the real estate investment trust’s stock valued at $7,030,000 after acquiring an additional 12,544 shares during the period. Van ECK Associates Corp boosted its holdings in Digital Realty Trust by 15.5% in the third quarter. Van ECK Associates Corp now owns 149,984 shares of the real estate investment trust’s stock valued at $24,867,000 after acquiring an additional 20,087 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Digital Realty Trust by 16.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 27,525 shares of the real estate investment trust’s stock worth $4,454,000 after purchasing an additional 3,923 shares during the period. Finally, National Pension Service raised its holdings in Digital Realty Trust by 14.6% during the 3rd quarter. National Pension Service now owns 417,591 shares of the real estate investment trust’s stock worth $67,579,000 after purchasing an additional 53,355 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Truist Financial increased their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Barclays increased their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $155.80 on Wednesday. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The company’s 50 day moving average price is $170.30 and its two-hundred day moving average price is $170.10. The firm has a market cap of $52.45 billion, a PE ratio of 96.17, a PEG ratio of 4.38 and a beta of 0.63. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.