PNC Financial Services Group Inc. Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

PNC Financial Services Group Inc. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,548 shares of the real estate investment trust’s stock after acquiring an additional 228 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Digital Realty Trust were worth $7,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLR. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the period. Centricity Wealth Management LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $37,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLR has been the topic of a number of analyst reports. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Barclays upped their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Wells Fargo & Company decreased 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 report on Tuesday, February 4th. Finally, JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.11.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $151.67 on Thursday. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The stock has a market capitalization of $51.06 billion, a price-to-earnings ratio of 93.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a fifty day moving average of $166.91 and a 200-day moving average of $169.95. 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 announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. Equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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 given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.22%. Digital Realty Trust’s payout ratio is currently 301.23%.

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.