LPL Financial LLC Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

LPL Financial LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 254,370 shares of the real estate investment trust’s stock after buying an additional 44,001 shares during the period. LPL Financial LLC owned 0.08% of Digital Realty Trust worth $45,107,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of DLR. KLP Kapitalforvaltning AS bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $25,931,000. Knights of Columbus Asset Advisors LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $4,267,000. Sfmg LLC boosted its stake in Digital Realty Trust by 13.3% during the fourth quarter. Sfmg LLC now owns 4,769 shares of the real estate investment trust’s stock valued at $846,000 after buying an additional 561 shares during the period. American Century Companies Inc. grew its holdings in shares of Digital Realty Trust by 3.0% during the fourth quarter. American Century Companies Inc. now owns 656,026 shares of the real estate investment trust’s stock worth $116,333,000 after purchasing an additional 19,133 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in Digital Realty Trust by 48.1% in the 4th quarter. Mizuho Securities USA LLC now owns 29,553 shares of the real estate investment trust’s stock worth $5,241,000 after buying an additional 9,596 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 3.0 %

Shares of DLR stock opened at $144.95 on Friday. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The company has a 50 day simple moving average of $160.83 and a two-hundred day simple moving average of $169.80. The stock has a market cap of $48.80 billion, a P/E ratio of 89.48, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Wells Fargo & Company cut their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Truist Financial dropped their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Barclays lowered their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Finally, Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have assigned 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, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Company 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.