Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,196 shares of the real estate investment trust’s stock after purchasing an additional 439 shares during the period. Townsquare Capital LLC’s holdings in Digital Realty Trust were worth $921,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Digital Realty Trust in the 4th quarter valued at $3,858,428,000. Alliancebernstein L.P. raised its holdings in Digital Realty Trust by 91.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust’s stock worth $271,279,000 after purchasing an additional 731,690 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Digital Realty Trust in the fourth quarter valued at about $125,336,000. Invesco Ltd. boosted its holdings in Digital Realty Trust by 18.4% in the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock valued at $692,630,000 after purchasing an additional 607,132 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after purchasing an additional 469,823 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $150.83 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. The firm has a market cap of $50.79 billion, a PE ratio of 93.10, a P/E/G ratio of 4.38 and a beta of 0.92. The firm has a 50 day simple moving average of $151.31 and a 200-day simple moving average of $167.79. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

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 return on equity of 2.97% and a net margin of 10.85%. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.24%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DLR shares. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Citigroup lowered their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. raised their price objective 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. Mizuho lowered their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Finally, 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 research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.79.

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.