Securian Asset Management Inc. Cuts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Securian Asset Management Inc. trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,665 shares of the real estate investment trust’s stock after selling 356 shares during the period. Securian Asset Management Inc.’s holdings in Digital Realty Trust were worth $2,955,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC lifted its holdings in Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares in the last quarter. Stolper Co lifted its holdings in shares of Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after buying an additional 64 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 64 shares during the last quarter. TD Private Client Wealth LLC grew its stake in Digital Realty Trust by 6.6% during the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 67 shares in the last quarter. Finally, Catalina Capital Group LLC increased its holdings in 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 acquiring an additional 72 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Truist Financial dropped their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Barclays increased their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Finally, UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.11.

Digital Realty Trust Price Performance

DLR opened at $151.67 on Thursday. The business has a fifty day moving average of $166.91 and a 200 day moving average of $169.95. The stock has a market cap of $51.06 billion, a P/E ratio of 93.62, a PEG ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results 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, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

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.