Digital Realty Trust, Inc. (NYSE:DLR) Stake Boosted by HB Wealth Management LLC

HB Wealth Management LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,798 shares of the real estate investment trust's stock after acquiring an additional 1,548 shares during the quarter. HB Wealth Management LLC's holdings in Digital Realty Trust were worth $1,404,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. increased its holdings in Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after buying an additional 607,132 shares during the last quarter. Pacific Heights Asset Management LLC increased its holdings in Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after buying an additional 25,000 shares during the last quarter. Vectors Research Management LLC increased its holdings in Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after buying an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Digital Realty Trust by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after buying an additional 21,598 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in Digital Realty Trust by 25.2% in the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after buying an additional 1,644 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DLR. Barclays boosted their price objective on Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating for the company. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday. Mizuho lifted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Finally, Oppenheimer initiated coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.68.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director owned 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded down $0.95 during trading on Thursday, hitting $176.35. The company had a trading volume of 1,963,273 shares, compared to its average volume of 2,161,676. The company has a market cap of $59.39 billion, a P/E ratio of 46.29, a PEG ratio of 3.31 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 business's 50-day moving average is $174.08 and its 200 day moving average is $164.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.92 and a current ratio of 2.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The firm's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 earnings per share. Equities research 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

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.