TIAA Trust National Association Buys 375 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

TIAA Trust National Association boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 29.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,660 shares of the real estate investment trust’s stock after buying an additional 375 shares during the period. TIAA Trust National Association’s holdings in Digital Realty Trust were worth $294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FineMark National Bank & Trust increased its stake in shares of Digital Realty Trust by 3.5% in the fourth quarter. FineMark National Bank & Trust now owns 59,981 shares of the real estate investment trust’s stock worth $10,636,000 after buying an additional 2,016 shares during the period. Crowley Wealth Management Inc. purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at about $53,000. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 0.9% during 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 during the last quarter. LPL Financial LLC boosted its holdings in shares of Digital Realty Trust by 20.9% during the fourth quarter. LPL Financial LLC now owns 254,370 shares of the real estate investment trust’s stock worth $45,107,000 after purchasing an additional 44,001 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Digital Realty Trust in the fourth quarter worth about $25,931,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

NYSE DLR opened at $142.10 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business’s fifty day moving average is $160.10 and its 200 day moving average is $169.75. The company has a market capitalization of $47.84 billion, a PE ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research reports. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Barclays reduced their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Truist Financial cut their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Finally, Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $180.32.

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.