Carret Asset Management LLC Has $954,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Carret Asset Management LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,620 shares of the real estate investment trust’s stock after selling 460 shares during the period. Carret Asset Management LLC’s holdings in Digital Realty Trust were worth $954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in shares of Digital Realty Trust by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after purchasing an additional 9,158 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Digital Realty Trust by 17.7% in the fourth quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after purchasing an additional 35,456 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Digital Realty Trust by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock valued at $435,559,000 after purchasing an additional 85,262 shares in the last quarter. Lyell Wealth Management LP grew its holdings in Digital Realty Trust by 12.0% during the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after acquiring an additional 5,197 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in Digital Realty Trust by 2.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock worth $18,558,000 after acquiring an additional 2,840 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $151.76 on Thursday. The company has a 50 day moving average of $145.28 and a 200-day moving average of $142.00. Digital Realty Trust, Inc. has a 1-year low of $112.38 and a 1-year high of $154.18. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The company has a market cap of $47.41 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 20.02 and a beta of 0.59.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DLR shares. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a research report on Monday. They set a “buy” rating and a $175.00 price target on the stock. HSBC lifted their price target on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research note on Friday, May 3rd. Evercore ISI restated an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Morgan Stanley boosted their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $150.00 to $175.00 in a research note on Friday, June 28th. Three analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $149.42.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.