Legacy Wealth Asset Management LLC Acquires Shares of 1,157 Digital Realty Trust, Inc. (NYSE:DLR)

Legacy Wealth Asset Management LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,157 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Adirondack Trust Co. increased its stake in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Digital Realty Trust in the 3rd quarter valued at approximately $38,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust during the 4th quarter valued at $42,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $178.54 on Friday. The company has a market capitalization of $59.22 billion, a price-to-earnings ratio of 150.03, a PEG ratio of 4.35 and a beta of 0.64. 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’s 50-day simple moving average is $183.19 and its 200-day simple moving average is $166.69. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00.

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

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DLR shares. Jefferies Financial Group upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, Truist Financial increased their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.32.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Company Profile

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.