Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Lifted by Chronos Wealth Management LLC

Chronos Wealth Management LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,258 shares of the real estate investment trust's stock after acquiring an additional 2,293 shares during the quarter. Digital Realty Trust comprises about 2.5% of Chronos Wealth Management LLC's holdings, making the stock its 19th largest holding. Chronos Wealth Management LLC's holdings in Digital Realty Trust were worth $4,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLR. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $29,000. Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $35,000. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $37,000. Millstone Evans Group LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $43,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DLR shares. JMP Securities reissued a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Citigroup lowered their price target on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Finally, Bank of America began coverage on Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Trading Down 0.0%

NYSE DLR traded down $0.07 on Thursday, hitting $175.93. 1,555,488 shares of the company were exchanged, compared to its average volume of 1,981,435. 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, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The firm has a market capitalization of $59.25 billion, a P/E ratio of 108.60, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. The company's 50 day moving average price is $158.07 and its 200-day moving average price is $166.68.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 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 firm 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 company's revenue was up 5.7% on a year-over-year basis. Analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's dividend payout ratio is currently 456.07%.

About Digital Realty Trust

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.