Garland Capital Management Inc. Trims Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Garland Capital Management Inc. reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 24,695 shares of the real estate investment trust’s stock after selling 565 shares during the period. Digital Realty Trust comprises about 3.6% of Garland Capital Management Inc.’s portfolio, making the stock its 12th biggest position. Garland Capital Management Inc.’s holdings in Digital Realty Trust were worth $4,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $35,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $35,000. Versant Capital Management Inc lifted its position in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $37,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 0.4 %

Shares of NYSE:DLR opened at $150.76 on Friday. The company’s fifty day moving average is $162.82 and its two-hundred day moving average is $169.77. 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, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The stock has a market capitalization of $50.75 billion, a price-to-earnings ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (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%. Equities 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s payout ratio is currently 301.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DLR shares. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Finally, Wells Fargo & Company cut their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.95.

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.