Strategic Wealth Partners Ltd. Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Strategic Wealth Partners Ltd. boosted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,471 shares of the real estate investment trust's stock after acquiring an additional 14,304 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Digital Realty Trust were worth $5,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DLR. Bleakley Financial Group LLC increased its position in Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after acquiring an additional 64 shares during the last quarter. Catalina Capital Group LLC lifted its holdings in Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock valued at $424,000 after acquiring an additional 72 shares during the period. Colonial Trust Co SC lifted its holdings in Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 72 shares during the period. Sound Income Strategies LLC lifted its holdings in Digital Realty Trust by 25.9% in the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 73 shares during the period. Finally, Legacy Financial Advisors Inc. lifted its holdings in Digital Realty Trust by 5.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 74 shares during the period. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DLR shares. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Bank of America assumed coverage on shares of Digital Realty Trust in a research report on Monday. They set a "buy" rating and a $210.00 target price on the stock. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Barclays decreased their target price 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. Finally, Mizuho cut their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Stock Up 0.4%

NYSE:DLR traded up $0.60 during midday trading on Thursday, reaching $167.89. 1,172,936 shares of the stock traded hands, compared to its average volume of 1,972,928. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The business has a 50-day moving average of $153.78 and a two-hundred day moving average of $167.23. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock has a market capitalization of $56.54 billion, a PE ratio of 103.64, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Digital Realty Trust's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 earnings per share. On average, equities 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 business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.22 dividend. 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 2.91%. Digital Realty Trust's dividend payout ratio is currently 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.