Investment Partners LTD. Buys Shares of 1,247 Digital Realty Trust, Inc. (NYSE:DLR)

Investment Partners LTD. purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,247 shares of the real estate investment trust’s stock, valued at approximately $221,000.

Several other hedge funds also recently modified their holdings of DLR. B&I Capital AG acquired a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $8,086,000. Jones Financial Companies Lllp boosted its position in Digital Realty Trust by 56.1% during the 4th quarter. Jones Financial Companies Lllp now owns 80,791 shares of the real estate investment trust’s stock worth $14,327,000 after buying an additional 29,037 shares during the period. SRS Capital Advisors Inc. grew its holdings in Digital Realty Trust by 502.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 201 shares during the last quarter. Norden Group LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at approximately $200,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Digital Realty Trust by 33.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,524 shares of the real estate investment trust’s stock valued at $445,000 after acquiring an additional 632 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $156.38 on Monday. The stock’s 50 day moving average is $171.26 and its 200-day moving average is $170.02. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $52.64 billion, a price-to-earnings ratio of 96.53, a PEG ratio of 4.38 and a beta of 0.63.

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

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.12%. Digital Realty Trust’s payout ratio is 301.23%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent research reports. Truist Financial increased their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. JMP Securities reissued a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $181.00.

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.