Vestcor Inc Purchases 22,303 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Vestcor Inc increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 56.3% during the 4th quarter, Holdings Channel reports. The firm owned 61,934 shares of the real estate investment trust’s stock after acquiring an additional 22,303 shares during the period. Vestcor Inc’s holdings in Digital Realty Trust were worth $10,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at $37,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 3.2 %

DLR stock opened at $151.67 on Thursday. The firm’s fifty day simple moving average is $166.91 and its 200-day simple moving average is $169.95. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The company has a market capitalization of $51.06 billion, a P/E ratio of 93.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. 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 (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities research analysts forecast 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. Shareholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DLR shares. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. UBS Group upgraded 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 report on Tuesday, January 7th. Finally, Scotiabank raised shares of 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 note on Tuesday, February 18th. Two research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.11.

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.