Point72 Asset Management L.P. Sells 776,586 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Point72 Asset Management L.P. decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 94.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,140 shares of the real estate investment trust’s stock after selling 776,586 shares during the quarter. Point72 Asset Management L.P.’s holdings in Digital Realty Trust were worth $8,005,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $29,000. Fairway Wealth LLC bought a new position in Digital Realty Trust during the fourth quarter worth about $35,000. Centricity Wealth Management LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at about $37,000. Crews Bank & Trust bought a new stake in shares of Digital Realty Trust in the fourth quarter worth about $42,000. Finally, SRS Capital Advisors Inc. raised its position in shares of Digital Realty Trust by 502.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DLR. Truist Financial lowered their target price on Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating for the company in a research note on Monday, May 12th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a research report on Monday, April 28th. Jefferies Financial Group reiterated a “buy” rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Finally, Wells Fargo & Company cut their price target 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $183.85.

Digital Realty Trust Price Performance

Shares of DLR opened at $170.02 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is $152.53 and its 200 day simple moving average is $167.25. The company has a market cap of $57.26 billion, a price-to-earnings ratio of 104.95, a PEG ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s payout ratio is presently 456.07%.

Digital Realty Trust Company 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.