Guggenheim Capital LLC Trims Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Guggenheim Capital LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 66.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,913 shares of the real estate investment trust’s stock after selling 122,191 shares during the period. Guggenheim Capital LLC’s holdings in Digital Realty Trust were worth $10,802,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at about $3,858,428,000. Alliancebernstein L.P. lifted its holdings in Digital Realty Trust by 91.7% during the fourth 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. bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $125,336,000. Invesco Ltd. increased its stake in shares of Digital Realty Trust by 18.4% in 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. raised its position in shares of Digital Realty Trust by 0.9% during the 4th 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 purchasing an additional 469,823 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $148.53 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock’s fifty day moving average is $151.91 and its 200 day moving average is $167.93. The firm has a market capitalization of $50.02 billion, a PE ratio of 91.69, a PEG ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.29%. Digital Realty Trust’s dividend payout ratio is 301.23%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DLR shares. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Barclays decreased their target price 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. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Wells Fargo & Company reduced their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fourteen 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 an average rating of “Moderate Buy” and an average target price of $184.33.

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.