Alteri Wealth LLC Acquires Shares of 3,495 Digital Realty Trust, Inc. (NYSE:DLR)

Alteri Wealth LLC purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,495 shares of the real estate investment trust's stock, valued at approximately $620,000.

Several other large investors also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $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 stake in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $37,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DLR. Barclays reduced their price target on shares of 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. Wells Fargo & Company decreased their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $183.05.

Digital Realty Trust Stock Up 0.7 %

Shares of DLR stock traded up $1.24 during mid-day trading on Thursday, hitting $168.42. The stock had a trading volume of 838,977 shares, compared to its average volume of 2,038,030. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The firm's 50-day moving average is $150.33 and its two-hundred day moving average is $167.71. The firm has a market capitalization of $56.72 billion, a P/E ratio of 103.96, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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 return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.67 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 2.90%. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

Digital Realty Trust 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.