Lakeshore Capital Group Inc. Takes $685,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Lakeshore Capital Group Inc. bought a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,862 shares of the real estate investment trust's stock, valued at approximately $685,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $29,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter worth $35,000. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $37,000. Crews Bank & Trust acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $42,000. Finally, SRS Capital Advisors Inc. increased its stake in 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 valued at $43,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Trading Up 1.6%

Shares of Digital Realty Trust stock traded up $2.74 on Thursday, reaching $172.32. 2,204,604 shares of the company were exchanged, compared to its average volume of 1,976,784. The stock has a fifty day moving average price of $155.60 and a 200-day moving average price of $166.91. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $58.04 billion, a price-to-earnings ratio of 106.37, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $1.67 EPS. The firm's revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS 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. Stockholders of record on Friday, June 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.83%. Digital Realty Trust's payout ratio is 456.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DLR shares. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wall Street Zen cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Citigroup dropped their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays reduced 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 report on Thursday, March 20th. Finally, JMP Securities reissued a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $185.10.

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.