Lyell Wealth Management LP Purchases 5,197 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Lyell Wealth Management LP boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 12.0% during the 4th quarter, HoldingsChannel reports. The fund owned 48,347 shares of the real estate investment trust’s stock after buying an additional 5,197 shares during the quarter. Lyell Wealth Management LP’s holdings in Digital Realty Trust were worth $6,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after purchasing an additional 971,032 shares during the period. FMR LLC grew its stake in shares of Digital Realty Trust by 4.8% in the 3rd quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock valued at $1,046,522,000 after purchasing an additional 394,682 shares during the period. Morgan Stanley grew its stake in shares of Digital Realty Trust by 6.8% in the 3rd quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock valued at $535,658,000 after purchasing an additional 282,825 shares during the period. Northern Trust Corp grew its stake in shares of Digital Realty Trust by 4.3% in the 3rd quarter. Northern Trust Corp now owns 3,887,691 shares of the real estate investment trust’s stock valued at $470,488,000 after purchasing an additional 160,730 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Digital Realty Trust by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,151,172 shares of the real estate investment trust’s stock valued at $381,355,000 after purchasing an additional 180,869 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Up 1.5 %

NYSE:DLR traded up $2.08 during trading hours on Wednesday, hitting $140.61. 1,612,349 shares of the stock were exchanged, compared to its average volume of 1,959,140. The company’s 50 day moving average is $141.82 and its two-hundred day moving average is $136.48. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $154.18. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $43.91 billion, a P/E ratio of 47.34, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is 164.31%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now owns 8,413 shares in the company, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DLR. Raymond James upped their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Truist Financial boosted their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Morgan Stanley boosted their target price on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Evercore ISI reissued an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. Finally, Citigroup boosted their target price on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $143.33.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.