American Assets Investment Management LLC Sells 1,140 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

American Assets Investment Management LLC trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 22.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,923 shares of the real estate investment trust’s stock after selling 1,140 shares during the quarter. American Assets Investment Management LLC’s holdings in Digital Realty Trust were worth $696,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Digital Realty Trust by 501.7% during the third 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 worth $700,224,000 after buying an additional 3,607,802 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $132,980,000. Raymond James Financial Inc. bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $125,336,000. National Pension Service grew its stake in shares of Digital Realty Trust by 88.8% during the fourth quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock valued at $139,812,000 after purchasing an additional 370,835 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $38,428,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Up 2.3 %

DLR opened at $151.94 on Tuesday. The firm’s fifty day moving average is $165.07 and its two-hundred day moving average is $170.06. 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 firm has a market cap of $51.15 billion, a PE ratio of 93.79, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data 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%. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 301.23%.

Analysts Set New Price Targets

Several research firms have recently commented on DLR. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company decreased their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Barclays increased their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Truist Financial decreased 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 research note on Monday, March 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $180.11.

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.