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

Knights of Columbus Asset Advisors LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,062 shares of the real estate investment trust’s stock, valued at approximately $4,267,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in shares of 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 in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $37,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research analyst reports. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Barclays lowered their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $150.76 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $50.75 billion, a price-to-earnings ratio of 93.06, a P/E/G ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The firm’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 announced its 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%. On average, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.24%. 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.