Knights of Columbus Asset Advisors LLC Buys Shares of 24,062 Digital Realty Trust, Inc. (NYSE:DLR)

Knights of Columbus Asset Advisors LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, Holdings Channel.com reports. The fund acquired 24,062 shares of the real estate investment trust’s stock, valued at approximately $4,267,000.

Several other large investors also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC grew its position in Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 59 shares in the last quarter. Empowered Funds LLC lifted its stake in Digital Realty Trust by 9.2% in the third quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock valued at $799,000 after acquiring an additional 417 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Digital Realty Trust by 3.1% in the third quarter. Thrivent Financial for Lutherans now owns 64,320 shares of the real estate investment trust’s stock valued at $10,409,000 after acquiring an additional 1,960 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Digital Realty Trust by 8.9% in the third quarter. PNC Financial Services Group Inc. now owns 40,320 shares of the real estate investment trust’s stock valued at $6,525,000 after acquiring an additional 3,284 shares during the last quarter. Finally, Commerce Bank lifted its stake in Digital Realty Trust by 4.6% in the third quarter. Commerce Bank now owns 7,649 shares of the real estate investment trust’s stock valued at $1,238,000 after acquiring an additional 339 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Barclays cut their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Price Performance

DLR stock opened at $150.76 on Friday. 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, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The firm has a market cap of $50.75 billion, a P/E ratio of 93.06, a P/E/G ratio of 4.38 and a beta of 0.65. The company’s 50-day moving average price is $162.82 and its two-hundred day moving average price is $169.77.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 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.