IFP Advisors Inc Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

IFP Advisors Inc lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1,535.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,630 shares of the real estate investment trust's stock after buying an additional 9,041 shares during the quarter. IFP Advisors Inc's holdings in Digital Realty Trust were worth $1,380,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Digital Realty Trust in the fourth quarter worth $3,858,428,000. Geode Capital Management LLC grew its holdings in Digital Realty Trust by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock worth $1,508,612,000 after purchasing an additional 281,704 shares during the period. Northern Trust Corp grew its holdings in Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after purchasing an additional 1,854,748 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock worth $854,661,000 after purchasing an additional 492,692 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Digital Realty Trust by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,656,733 shares of the real estate investment trust's stock worth $825,771,000 after purchasing an additional 96,639 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Down 1.2%

Shares of DLR traded down $2.16 during trading hours on Friday, reaching $177.86. 2,602,172 shares of the stock traded hands, compared to its average volume of 1,482,118. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $173.62 and a 200 day simple moving average of $163.91. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a market cap of $59.90 billion, a price-to-earnings ratio of 46.68, a PEG ratio of 2.68 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.59%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm earned $1.65 earnings per share. The firm's revenue was up 10.0% on a year-over-year basis. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Analyst Ratings Changes

DLR has been the subject of a number of research reports. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Bank of America initiated coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target for the company. Oppenheimer initiated coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target for the company. Raymond James Financial raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday. Finally, Barclays raised their price objective on shares of Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $188.53.

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.