Marshall Wace LLP Sells 19,741 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Marshall Wace LLP decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 52.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,860 shares of the real estate investment trust’s stock after selling 19,741 shares during the quarter. Marshall Wace LLP’s holdings in Digital Realty Trust were worth $3,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $3,858,428,000. Alliancebernstein L.P. boosted 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 worth $271,279,000 after buying an additional 731,690 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Digital Realty Trust during the 4th quarter worth about $125,336,000. Invesco Ltd. increased its stake in shares of Digital Realty Trust by 18.4% in the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock valued at $692,630,000 after acquiring an additional 607,132 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Digital Realty Trust by 0.9% in 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 acquiring an additional 469,823 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $160.10 on Friday. 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 has a 50 day moving average price of $150.10 and a 200 day moving average price of $167.60. The stock has a market capitalization of $53.91 billion, a PE ratio of 98.83, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 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 for the quarter, beating 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%. Analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.05%. Digital Realty Trust’s payout ratio is 301.23%.

Analysts Set New Price Targets

DLR has been the subject of several recent analyst reports. Truist Financial lowered their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Wells Fargo & Company dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $183.05.

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.