Wesbanco Bank Inc. Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Wesbanco Bank Inc. increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,767 shares of the real estate investment trust's stock after buying an additional 5,948 shares during the period. Wesbanco Bank Inc.'s holdings in Digital Realty Trust were worth $7,991,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $29,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $35,000. Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $37,000. SRS Capital Advisors Inc. increased its position in shares of 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 worth $43,000 after purchasing an additional 201 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $43,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 0.5%

Shares of NYSE:DLR opened at $176.88 on Monday. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 109.18, a PEG ratio of 4.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock's 50-day simple moving average is $159.34 and its two-hundred day simple moving average is $166.28. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the firm earned $1.67 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. 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 given a dividend of $1.22 per share. The ex-dividend date is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.76%. Digital Realty Trust's payout ratio is currently 456.07%.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director now directly owns 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent research reports. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Truist Financial dropped their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Scotiabank lowered their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, New Street Research upgraded Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $185.10.

Digital Realty Trust Company 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.

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