Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,304 shares of the real estate investment trust’s stock after selling 320 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Digital Realty Trust were worth $1,295,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Stolper Co lifted its stake in Digital Realty Trust by 0.5% during the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after purchasing an additional 64 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after buying an additional 64 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Digital Realty Trust by 6.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 67 shares during the last quarter. Catalina Capital Group LLC grew its position in shares of Digital Realty Trust by 3.1% in the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 72 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in Digital Realty Trust by 25.9% during the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 73 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $149.37 on Thursday. The company has a market cap of $50.29 billion, a P/E ratio of 92.21, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The business has a fifty day moving average of $161.53 and a two-hundred day moving average of $169.97. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 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, analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company 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 dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.27%. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a report on Tuesday, February 18th. Finally, Truist Financial decreased their price target on shares of 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust 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.