Virtu Financial LLC Invests $210,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Virtu Financial LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,182 shares of the real estate investment trust’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $354,000. Townsquare Capital LLC increased its position in shares of Digital Realty Trust by 3.8% in the third quarter. Townsquare Capital LLC now owns 4,757 shares of the real estate investment trust’s stock valued at $770,000 after acquiring an additional 175 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Digital Realty Trust by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 10,711 shares of the real estate investment trust’s stock valued at $1,733,000 after acquiring an additional 314 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of Digital Realty Trust by 20.5% during the third quarter. CreativeOne Wealth LLC now owns 2,231 shares of the real estate investment trust’s stock worth $361,000 after purchasing an additional 379 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Digital Realty Trust by 18.3% in the third quarter. Public Sector Pension Investment Board now owns 53,700 shares of the real estate investment trust’s stock worth $8,690,000 after purchasing an additional 8,288 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial dropped their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. Mizuho reduced their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research report on Tuesday, February 18th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, Barclays cut their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.32.

Digital Realty Trust Stock Performance

DLR stock opened at $142.10 on Friday. The stock has a market capitalization of $47.84 billion, a PE ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The stock’s 50 day simple moving average is $160.10 and its 200 day simple moving average is $169.84. Digital Realty Trust, Inc. has a 12-month low of $135.54 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.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

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.