NewEdge Wealth LLC Purchases 1,393 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

NewEdge Wealth LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,793 shares of the real estate investment trust’s stock after acquiring an additional 1,393 shares during the quarter. NewEdge Wealth LLC’s holdings in Digital Realty Trust were worth $3,865,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after acquiring an additional 3,607,802 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $132,980,000. Sycomore Asset Management acquired a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $80,915,000. National Pension Service raised its holdings in shares of Digital Realty Trust by 88.8% in the 4th quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock worth $139,812,000 after buying an additional 370,835 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Digital Realty Trust by 341.5% in the 3rd quarter. KBC Group NV now owns 279,921 shares of the real estate investment trust’s stock worth $45,299,000 after buying an additional 216,515 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’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 document filed with the SEC, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Down 0.6 %

NYSE DLR opened at $156.38 on Friday. The stock has a fifty day moving average of $171.26 and a 200-day moving average of $169.75. The stock has a market capitalization of $51.87 billion, a P/E ratio of 96.53, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

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

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.22 dividend. 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 dividend payout ratio is currently 301.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Wells Fargo & Company dropped their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $181.00.

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.