Foster Victor Wealth Advisors LLC Buys 3,048 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Foster Victor Wealth Advisors LLC lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 41,858 shares of the real estate investment trust's stock after buying an additional 3,048 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Digital Realty Trust were worth $6,073,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Invesco Ltd. raised its holdings in Digital Realty Trust by 18.4% in the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after acquiring an additional 607,132 shares during the period. Private Advisor Group LLC grew its position in shares of Digital Realty Trust by 4.1% in the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock valued at $2,400,000 after purchasing an additional 527 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Digital Realty Trust by 136.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust's stock worth $34,321,000 after purchasing an additional 111,811 shares during the period. QRG Capital Management Inc. increased its stake in shares of Digital Realty Trust by 13.9% during the fourth quarter. QRG Capital Management Inc. now owns 38,101 shares of the real estate investment trust's stock worth $6,756,000 after purchasing an additional 4,662 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in Digital Realty Trust by 31.0% during the 4th quarter. Teacher Retirement System of Texas now owns 43,136 shares of the real estate investment trust's stock worth $7,649,000 after purchasing an additional 10,210 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research reports. Barclays decreased their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Oppenheimer started coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. JMP Securities restated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. Citigroup dropped their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Truist Financial cut their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.76.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director now directly owns 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Price Performance

NYSE DLR traded up $0.47 on Wednesday, hitting $176.53. 1,465,914 shares of the company's stock were exchanged, compared to its average volume of 1,995,616. The stock has a 50-day moving average of $164.39 and a 200-day moving average of $165.61. The stock has a market cap of $59.45 billion, a price-to-earnings ratio of 164.98, a P/E/G ratio of 2.68 and a beta of 0.95. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $1.67 EPS. Digital Realty Trust's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's dividend payout ratio is 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.