Land & Buildings Investment Management LLC Makes New $9.73 Million Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Land & Buildings Investment Management LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 54,870 shares of the real estate investment trust’s stock, valued at approximately $9,730,000. Digital Realty Trust comprises 2.0% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 18th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the 4th quarter worth $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $35,000. Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $37,000. Finally, First Financial Corp IN bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DLR. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Jefferies Financial Group restated a “buy” rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Wells Fargo & Company lowered their target price on shares of 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. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, JMP Securities reissued a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $183.05.

Digital Realty Trust Price Performance

NYSE:DLR opened at $166.59 on Monday. The firm has a market cap of $56.11 billion, a PE ratio of 102.83, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $150.78 and its two-hundred day moving average price is $167.76.

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, topping analysts’ consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business earned $1.67 earnings per share. Digital Realty Trust’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 2.93%. 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.