Brookstone Capital Management Has $9.87 Million Stock Position in Digital Realty Trust, Inc. $DLR

Brookstone Capital Management lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 18.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,597 shares of the real estate investment trust’s stock after acquiring an additional 8,900 shares during the quarter. Brookstone Capital Management’s holdings in Digital Realty Trust were worth $9,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DLR. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust during the first quarter worth approximately $26,000. WPG Advisers LLC acquired a new position in Digital Realty Trust during the first quarter worth approximately $30,000. 1 North Wealth Services LLC acquired a new position in Digital Realty Trust during the first quarter worth approximately $31,000. Key Financial Inc increased its position in Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 138 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in Digital Realty Trust during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $172.57 on Thursday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock’s 50 day moving average is $170.23 and its 200-day moving average is $168.29. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $58.85 billion, a price-to-earnings ratio of 45.29, a PEG ratio of 4.83 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s payout ratio is 128.08%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Guggenheim assumed coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating on the stock. Barclays boosted their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Wells Fargo & Company upped their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $193.05.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

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.