Wealth Enhancement Advisory Services LLC Has $3.95 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Wealth Enhancement Advisory Services LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 78.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,268 shares of the real estate investment trust's stock after selling 81,760 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Digital Realty Trust were worth $3,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Invesco Ltd. boosted its holdings in shares of Digital Realty Trust by 18.4% in the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after acquiring an additional 607,132 shares in the last quarter. Private Advisor Group LLC increased its holdings in Digital Realty Trust by 4.1% during the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock valued at $2,400,000 after purchasing an additional 527 shares in the last quarter. Leavell Investment Management Inc. raised its position in Digital Realty Trust by 74.1% in the 4th quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock valued at $3,262,000 after purchasing an additional 7,781 shares during the last quarter. Jennison Associates LLC boosted its stake in Digital Realty Trust by 55.0% in the fourth quarter. Jennison Associates LLC now owns 27,476 shares of the real estate investment trust's stock worth $4,872,000 after purchasing an additional 9,751 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in Digital Realty Trust by 136.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust's stock worth $34,321,000 after purchasing an additional 111,811 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DLR. New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Scotiabank dropped their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Oppenheimer began coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Stock Up 0.8%

Shares of DLR traded up $1.47 during midday trading on Friday, hitting $177.38. The stock had a trading volume of 775,453 shares, compared to its average volume of 1,980,483. The firm has a market cap of $59.74 billion, a price-to-earnings ratio of 109.48, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. The company has a 50 day simple moving average of $158.72 and a two-hundred day simple moving average of $166.63. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

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 for the quarter, topping analysts' consensus estimates 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 firm 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 firm posted $1.67 EPS. The business's revenue was up 5.7% on a year-over-year basis. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.75%. 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.