Raiffeisen Bank International AG Acquires New Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Raiffeisen Bank International AG acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,294 shares of the real estate investment trust’s stock, valued at approximately $757,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $29,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth about $35,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth about $37,000. Crews Bank & Trust purchased a new stake in Digital Realty Trust during the 4th quarter worth about $42,000. Finally, Millstone Evans Group LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.3%

Shares of NYSE DLR opened at $170.02 on Friday. The stock has a market cap of $57.26 billion, a PE ratio of 104.95, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The business has a 50-day moving average price of $152.53 and a 200 day moving average price of $167.43.

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

Digital Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DLR shares. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. New Street Research upgraded Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Jefferies Financial Group restated a “buy” rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Finally, Barclays lowered their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.85.

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.