Point72 Asset Management L.P. Sells 776,586 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Point72 Asset Management L.P. lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 94.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,140 shares of the real estate investment trust’s stock after selling 776,586 shares during the quarter. Point72 Asset Management L.P.’s holdings in Digital Realty Trust were worth $8,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC raised its stake in Digital Realty Trust by 42.5% in the fourth quarter. Park Avenue Securities LLC now owns 10,501 shares of the real estate investment trust’s stock valued at $1,862,000 after purchasing an additional 3,132 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $205,000. Merit Financial Group LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $571,000. HB Wealth Management LLC boosted its position in shares of Digital Realty Trust by 21.7% during the 4th quarter. HB Wealth Management LLC now owns 8,250 shares of the real estate investment trust’s stock worth $1,463,000 after acquiring an additional 1,469 shares in the last quarter. Finally, Jackson Square Capital LLC increased its stake in Digital Realty Trust by 20.4% in the fourth quarter. Jackson Square Capital LLC now owns 5,501 shares of the real estate investment trust’s stock valued at $975,000 after acquiring an additional 931 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Wells Fargo & Company dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Oppenheimer started coverage on Digital Realty Trust in a research note on Wednesday. They set an “outperform” rating and a $200.00 target price for the company. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Finally, StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.85.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $170.02 on Monday. The firm 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. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The firm’s fifty day moving average is $152.53 and its 200-day moving average is $167.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced 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. This represents a $4.88 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 456.07%.

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.