Janney Montgomery Scott LLC Purchases 7,086 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Janney Montgomery Scott LLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,526 shares of the real estate investment trust’s stock after acquiring an additional 7,086 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Digital Realty Trust were worth $8,960,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

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

Digital Realty Trust Stock Performance

NYSE DLR opened at $164.46 on Tuesday. The firm has a market capitalization of $54.55 billion, a P/E ratio of 138.20, a PEG ratio of 4.64 and a beta of 0.64. The stock has a 50-day simple moving average of $183.37 and a two-hundred day simple moving average of $167.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is presently 410.08%.

Analyst Ratings Changes

Several research firms have issued reports on DLR. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. JMP Securities began coverage on shares of Digital Realty Trust in a research report on Monday. They issued an “outperform” rating and a $220.00 price objective on the stock. Barclays raised their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Truist Financial upped their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $180.95.

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.