Holderness Investments Co. Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Holderness Investments Co. bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,541 shares of the real estate investment trust’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. HUB Investment Partners LLC grew its holdings in shares of Digital Realty Trust by 3.8% during the 4th quarter. HUB Investment Partners LLC now owns 2,349 shares of the real estate investment trust’s stock worth $417,000 after acquiring an additional 85 shares during the period. BluePointe Capital Management LLC grew its stake in Digital Realty Trust by 2.9% in the fourth quarter. BluePointe Capital Management LLC now owns 3,272 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 93 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Digital Realty Trust by 41.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 174,114 shares of the real estate investment trust’s stock worth $30,876,000 after purchasing an additional 50,614 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Digital Realty Trust by 31.0% during the fourth quarter. Teacher Retirement System of Texas now owns 43,136 shares of the real estate investment trust’s stock valued at $7,649,000 after buying an additional 10,210 shares during the period. Finally, Sandy Spring Bank grew its position in shares of Digital Realty Trust by 5.7% in the 4th quarter. Sandy Spring Bank now owns 2,930 shares of the real estate investment trust’s stock worth $520,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

DLR stock opened at $151.40 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The company has a market cap of $50.97 billion, a P/E ratio of 93.46, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The stock’s fifty day moving average price is $163.27 and its 200-day moving average price is $169.78.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.22%. Digital Realty Trust’s payout ratio is presently 301.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DLR shares. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust 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.