Axa S.A. Acquires 94,718 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Axa S.A. grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 424,701 shares of the real estate investment trust’s stock after purchasing an additional 94,718 shares during the period. Axa S.A.’s holdings in Digital Realty Trust were worth $75,312,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DLR. Vanguard Group Inc. boosted its holdings in shares of 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 worth $9,124,193,000 after acquiring an additional 469,823 shares during the period. Norges Bank bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $3,858,428,000. Geode Capital Management LLC lifted its holdings in shares of Digital Realty Trust by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock worth $1,508,612,000 after buying an additional 281,704 shares in the last quarter. Northern Trust Corp boosted its position in shares of Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock valued at $900,934,000 after acquiring an additional 1,854,748 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Digital Realty Trust by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,656,733 shares of the real estate investment trust’s stock valued at $825,771,000 after acquiring an additional 96,639 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the subject of several analyst reports. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Wells Fargo & Company reduced their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Barclays lowered their price target on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. New Street Research raised Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.05.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $164.73 on Friday. The business has a 50 day moving average of $149.77 and a 200 day moving average of $167.64. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $55.47 billion, a PE ratio of 101.69, a P/E/G ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business posted $1.67 earnings per share. Digital Realty Trust’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 2.96%. Digital Realty Trust’s dividend payout ratio (DPR) is 456.07%.

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.