Synovus Financial Corp Has $992,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Synovus Financial Corp decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,592 shares of the real estate investment trust’s stock after selling 938 shares during the period. Synovus Financial Corp’s holdings in Digital Realty Trust were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings 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 purchasing an additional 607,132 shares in the last quarter. Private Advisor Group LLC boosted its stake in Digital Realty Trust by 4.1% in the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock valued at $2,400,000 after buying an additional 527 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its position in Digital Realty Trust by 17.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after acquiring an additional 9,959 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after acquiring an additional 11,405 shares in the last quarter. Finally, Leavell Investment Management Inc. lifted its holdings in shares of Digital Realty Trust by 74.1% in the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock worth $3,262,000 after acquiring an additional 7,781 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $148.53 on Thursday. The firm’s fifty day simple moving average is $151.91 and its two-hundred day simple moving average is $167.93. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $50.02 billion, a P/E ratio of 91.69, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors 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 dividend yield of 3.29%. Digital Realty Trust’s payout ratio is presently 301.23%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. StockNews.com downgraded 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 upped their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $184.33.

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.