Hemenway Trust Co LLC Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Hemenway Trust Co LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,564 shares of the real estate investment trust’s stock after purchasing an additional 164 shares during the period. Hemenway Trust Co LLC’s holdings in Digital Realty Trust were worth $277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth $35,000. Versant Capital Management Inc raised its holdings in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 2.6 %

Shares of Digital Realty Trust stock opened at $137.45 on Friday. Digital Realty Trust, Inc. has a twelve month low of $135.53 and a twelve month 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’s 50 day moving average is $156.26 and its 200 day moving average is $169.20. The company has a market cap of $46.27 billion, a price-to-earnings ratio of 84.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a research report on Tuesday, February 18th. Barclays cut their price target on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research note on Thursday, March 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $184.33.

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.