Bamco Inc. NY Has $111.94 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Bamco Inc. NY lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.3% during the fourth quarter, HoldingsChannel reports. The firm owned 631,257 shares of the real estate investment trust’s stock after acquiring an additional 37,550 shares during the quarter. Bamco Inc. NY’s holdings in Digital Realty Trust were worth $111,941,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust in the 4th quarter worth $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% during the 4th 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 acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $37,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Mizuho decreased their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Citigroup reduced their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, 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 Monday, April 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $183.05.

Digital Realty Trust Price Performance

NYSE:DLR opened at $164.73 on Friday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The firm has a market capitalization of $55.47 billion, a price-to-earnings ratio of 101.69, a P/E/G ratio of 4.38 and a beta of 0.92. The stock’s 50 day moving average price is $149.77 and its two-hundred day moving average price is $167.68. 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 (NYSE:DLR) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the business earned $1.67 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s payout ratio is 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.