Global Retirement Partners LLC raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 391.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,119 shares of the real estate investment trust’s stock after acquiring an additional 7,265 shares during the period. Global Retirement Partners LLC’s holdings in Digital Realty Trust were worth $1,411,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Digital Realty Trust by 2.6% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 61 shares during the period. PDS Planning Inc boosted its holdings in shares of Digital Realty Trust by 3.6% during the fourth quarter. PDS Planning Inc now owns 1,785 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 62 shares during the period. Clarius Group LLC boosted its holdings in shares of Digital Realty Trust by 3.2% during the fourth quarter. Clarius Group LLC now owns 2,024 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 63 shares during the period. Commons Capital LLC boosted its holdings in shares of Digital Realty Trust by 4.6% during the third quarter. Commons Capital LLC now owns 1,463 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 64 shares during the period. Finally, Scotia Capital Inc. boosted its holdings in shares of Digital Realty Trust by 0.9% during the third quarter. Scotia Capital Inc. now owns 7,379 shares of the real estate investment trust’s stock worth $1,276,000 after acquiring an additional 64 shares during the period. Institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Up 0.1%
NYSE DLR opened at $192.14 on Monday. The business has a fifty day moving average price of $188.75 and a two-hundred day moving average price of $172.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The stock has a market capitalization of $67.52 billion, a PE ratio of 50.70, a PEG ratio of 5.22 and a beta of 1.06.
Digital Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.22 per share. The ex-dividend date is Monday, June 15th. This represents a $4.88 annualized dividend and a yield of 2.5%. Digital Realty Trust’s dividend payout ratio is presently 128.76%.
Analysts Set New Price Targets
DLR has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Digital Realty Trust from $225.00 to $227.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wolfe Research boosted their price target on Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Mizuho boosted their price target on Digital Realty Trust from $180.00 to $217.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Wells Fargo & Company boosted their price target on Digital Realty Trust from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Evercore boosted their price target on Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $215.89.
View Our Latest Report on Digital Realty Trust
Digital Realty Trust Profile
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
See Also
- Five stocks we like better than Digital Realty Trust
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR – Free Report).
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
