Gerber Kawasaki Wealth & Investment Management Boosts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Gerber Kawasaki Wealth & Investment Management raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 10.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,001 shares of the real estate investment trust’s stock after purchasing an additional 851 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Digital Realty Trust were worth $1,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in Digital Realty Trust in the fourth quarter valued at approximately $3,858,428,000. Alliancebernstein L.P. raised its holdings in shares of Digital Realty Trust by 91.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust’s stock valued at $271,279,000 after purchasing an additional 731,690 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth $125,336,000. Invesco Ltd. grew its stake in shares of Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock worth $692,630,000 after purchasing an additional 607,132 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Digital Realty Trust by 0.9% in 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 buying an additional 469,823 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Mizuho lowered their price target on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a report on Friday, March 28th. 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 lowered their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. Finally, Citigroup cut their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.05.

Digital Realty Trust Trading Up 4.1 %

Shares of DLR stock opened at $160.10 on Friday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm’s 50-day simple moving average is $150.10 and its 200-day simple moving average is $167.66. The firm has a market cap of $53.91 billion, a P/E ratio of 98.83, a PEG ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, equities analysts forecast 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 was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.05%. 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.