Korea Investment CORP Cuts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Korea Investment CORP cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 15.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,812 shares of the real estate investment trust’s stock after selling 44,463 shares during the quarter. Korea Investment CORP’s holdings in Digital Realty Trust were worth $43,413,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Digital Realty Trust by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock valued at $9,124,193,000 after acquiring an additional 469,823 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after purchasing an additional 3,607,802 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Digital Realty Trust by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after purchasing an additional 79,322 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Digital Realty Trust by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock worth $644,196,000 after buying an additional 122,090 shares in the last quarter. Finally, Amundi lifted its stake in shares of Digital Realty Trust by 10.2% in the fourth quarter. Amundi now owns 1,451,440 shares of the real estate investment trust’s stock worth $262,522,000 after buying an additional 134,228 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays dropped their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday, March 20th. 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 report on Tuesday, February 18th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. 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 Stock Down 3.0 %

Shares of NYSE DLR opened at $144.95 on Friday. The stock has a market cap of $48.80 billion, a P/E ratio of 89.48, a PEG ratio of 4.38 and a beta of 0.65. The business’s fifty day simple moving average is $160.83 and its 200-day simple moving average is $169.80. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. 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 posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.