HighPoint Advisor Group LLC Acquires 284 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

HighPoint Advisor Group LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,343 shares of the real estate investment trust’s stock after acquiring an additional 284 shares during the period. HighPoint Advisor Group LLC’s holdings in Digital Realty Trust were worth $885,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Alliancebernstein L.P. lifted its stake in Digital Realty Trust by 91.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust’s stock worth $271,279,000 after purchasing an additional 731,690 shares during the period. Wellington Management Group LLP lifted its position in shares of Digital Realty Trust by 4.2% during the 4th quarter. Wellington Management Group LLP now owns 325,678 shares of the real estate investment trust’s stock worth $57,752,000 after buying an additional 13,259 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Digital Realty Trust by 20.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 22,141 shares of the real estate investment trust’s stock valued at $3,926,000 after buying an additional 3,756 shares in the last quarter. Bcwm LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at $8,109,000. Finally, Physician Wealth Advisors Inc. acquired a new position in Digital Realty Trust during the fourth quarter worth $101,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. JMP Securities reiterated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Wells Fargo & Company decreased their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $180.32.

Digital Realty Trust Stock Performance

DLR stock opened at $146.00 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The business’s fifty day moving average is $158.65 and its 200-day moving average is $169.71. The company has a market cap of $49.15 billion, a P/E ratio of 90.12, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.34%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Digital Realty Trust Company 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.