Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Wedmont Private Capital

Wedmont Private Capital grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,064 shares of the real estate investment trust’s stock after acquiring an additional 360 shares during the period. Wedmont Private Capital’s holdings in Digital Realty Trust were worth $704,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DLR. Clear Creek Financial Management LLC raised its holdings in Digital Realty Trust by 1.6% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 59 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 59 shares in the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 61 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 66 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Digital Realty Trust by 6.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 67 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DLR. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Scotiabank lifted their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Raymond James lifted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $174.74.

Digital Realty Trust Price Performance

DLR stock opened at $173.93 on Wednesday. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $57.69 billion, a price-to-earnings ratio of 146.16, a price-to-earnings-growth ratio of 4.91 and a beta of 0.64. The business has a fifty day moving average of $183.21 and a two-hundred day moving average of $166.36.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $1.62 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.81%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by corporate insiders.

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.