Naples Global Advisors LLC Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Naples Global Advisors LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,803 shares of the real estate investment trust’s stock after buying an additional 382 shares during the quarter. Naples Global Advisors LLC’s holdings in Digital Realty Trust were worth $5,703,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DLR. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after acquiring an additional 469,823 shares during the last quarter. Norges Bank purchased a new position in Digital Realty Trust in the 4th quarter valued at $3,858,428,000. Geode Capital Management LLC boosted its stake in Digital Realty Trust by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock worth $1,508,612,000 after purchasing an additional 281,704 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock worth $900,934,000 after buying an additional 1,854,748 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust’s stock valued at $854,661,000 after buying an additional 492,692 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DLR shares. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a research note on Monday, April 28th. Mizuho dropped their price target on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Bank of America initiated coverage on Digital Realty Trust in a report on Monday, May 19th. They issued a “buy” rating and a $210.00 price target for the company. Barclays lowered their price objective 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. Finally, Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.10.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $176.17 on Thursday. The company’s 50 day simple moving average is $158.07 and its 200-day simple moving average is $166.68. 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, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a market capitalization of $59.33 billion, a price-to-earnings ratio of 108.75, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95.

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. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts expect 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 will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, June 13th. Digital Realty Trust’s dividend payout ratio is currently 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.