Texas Bank & Trust Co Takes $613,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Texas Bank & Trust Co purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,458 shares of the real estate investment trust's stock, valued at approximately $613,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in shares of Digital Realty Trust by 42.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,501 shares of the real estate investment trust's stock worth $1,862,000 after purchasing an additional 3,132 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Digital Realty Trust by 12.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,831 shares of the real estate investment trust's stock worth $2,098,000 after purchasing an additional 1,315 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $205,000. Merit Financial Group LLC acquired a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $571,000. Finally, HB Wealth Management LLC lifted its position in shares of Digital Realty Trust by 21.7% during the fourth quarter. HB Wealth Management LLC now owns 8,250 shares of the real estate investment trust's stock worth $1,463,000 after purchasing an additional 1,469 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DLR shares. Oppenheimer started coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Mizuho cut their price objective 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. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Scotiabank cut their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Stock Down 1.6%

Shares of DLR stock traded down $2.80 during trading hours on Wednesday, hitting $167.33. 1,131,071 shares of the company were exchanged, compared to its average volume of 1,976,128. The business has a 50 day moving average of $153.40 and a two-hundred day moving average of $167.23. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. 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 capitalization of $56.36 billion, a PE ratio of 103.29, a PEG ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is currently 456.07%.

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.