Vert Asset Management LLC Buys 282 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Vert Asset Management LLC grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 127,560 shares of the real estate investment trust’s stock after buying an additional 282 shares during the quarter. Digital Realty Trust accounts for about 7.7% of Vert Asset Management LLC’s portfolio, making the stock its 2nd largest holding. Vert Asset Management LLC’s holdings in Digital Realty Trust were worth $22,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Clear Creek Financial Management LLC raised its position in shares of Digital Realty Trust by 1.6% in the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after acquiring an additional 59 shares during the period. OneDigital Investment Advisors LLC raised its holdings in Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares during the period. Trueblood Wealth Management LLC grew its holdings in Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 61 shares during the period. Stolper Co increased its position in shares of Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after buying an additional 64 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in shares of Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $164.46 on Tuesday. The business’s fifty day simple moving average is $183.37 and its 200-day simple moving average is $167.90. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $54.55 billion, a PE ratio of 138.20, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Analysts Set New Price Targets

Several brokerages recently commented on DLR. Truist Financial boosted their price target 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. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Jefferies Financial Group lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada increased their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $180.95.

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.