Raymond James Financial Inc. Buys New Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Raymond James Financial Inc. bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 706,799 shares of the real estate investment trust’s stock, valued at approximately $125,336,000. Raymond James Financial Inc. owned about 0.21% of Digital Realty Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Digital Realty Trust in the 4th quarter worth $29,000. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust in the 4th quarter worth $35,000. Versant Capital Management Inc grew its position 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 purchasing an additional 173 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust in the 4th quarter worth $37,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust in the 4th quarter worth $42,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Up 0.5 %

Shares of NYSE DLR opened at $149.13 on Friday. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The company has a market cap of $50.20 billion, a PE ratio of 92.06, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $168.64 and a two-hundred day moving average of $170.01.

Digital Realty Trust (NYSE:DLR) last announced 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%. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm 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 dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 301.23%.

Analyst Ratings Changes

DLR has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays raised their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust 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.