Prestige Wealth Management Group LLC Acquires 131 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Prestige Wealth Management Group LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,360 shares of the real estate investment trust’s stock after purchasing an additional 131 shares during the period. Prestige Wealth Management Group LLC’s holdings in Digital Realty Trust were worth $778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock worth $2,400,000 after buying an additional 527 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Digital Realty Trust by 17.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after purchasing an additional 9,959 shares during the last quarter. Capital Investment Advisors LLC boosted its position in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after purchasing an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after purchasing an additional 23,028 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its holdings in Digital Realty Trust by 74.1% in the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock worth $3,262,000 after purchasing an additional 7,781 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

Shares of DLR opened at $155.46 on Tuesday. The company has a market capitalization of $52.33 billion, a P/E ratio of 95.96, a P/E/G ratio of 4.38 and a beta of 0.65. The business’s 50-day moving average is $162.49 and its two-hundred day moving average is $170.10. 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, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.14%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.95.

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.