Total Wealth Planning & Management Inc. Has $576,000 Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Total Wealth Planning & Management Inc. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 217.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,022 shares of the real estate investment trust's stock after purchasing an additional 2,754 shares during the period. Total Wealth Planning & Management Inc.'s holdings in Digital Realty Trust were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Robbins Farley boosted its position in Digital Realty Trust by 0.7% in the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock valued at $1,570,000 after buying an additional 71 shares in the last quarter. Colonial Trust Co SC boosted its holdings in shares of Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 72 shares in the last quarter. Legacy Financial Advisors Inc. grew its position in Digital Realty Trust by 5.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 74 shares during the last quarter. Quent Capital LLC increased its holdings in Digital Realty Trust by 7.6% in the 1st quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust's stock worth $152,000 after purchasing an additional 75 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Digital Realty Trust by 0.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,149 shares of the real estate investment trust's stock valued at $4,282,000 after purchasing an additional 80 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on DLR. Bank of America started coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 price target on the stock. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Barclays dropped their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Finally, Oppenheimer began coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $186.55.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director now owns 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $169.66 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a fifty day moving average of $168.39 and a 200-day moving average of $165.01. The firm has a market capitalization of $57.14 billion, a P/E ratio of 158.56, a P/E/G ratio of 2.62 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. The firm 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 7.65% and a return on equity of 2.07%. The business's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.88%. Digital Realty Trust's dividend payout ratio (DPR) is presently 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.

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