Bcwm LLC Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Bcwm LLC acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 45,727 shares of the real estate investment trust's stock, valued at approximately $8,109,000. Digital Realty Trust comprises approximately 2.9% of Bcwm LLC's investment portfolio, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $101,000. Summit Securities Group LLC purchased a new position in Digital Realty Trust in the fourth quarter worth about $337,000. Schroder Investment Management Group grew its stake in shares of Digital Realty Trust by 16.6% during the 4th quarter. Schroder Investment Management Group now owns 1,221,433 shares of the real estate investment trust's stock valued at $215,241,000 after purchasing an additional 173,519 shares during the period. L & S Advisors Inc increased its position in shares of Digital Realty Trust by 1.3% during the 4th quarter. L & S Advisors Inc now owns 61,876 shares of the real estate investment trust's stock valued at $10,972,000 after purchasing an additional 765 shares during the last quarter. Finally, Allstate Corp lifted its stake in shares of Digital Realty Trust by 38.8% in the 4th quarter. Allstate Corp now owns 21,567 shares of the real estate investment trust's stock worth $3,824,000 after purchasing an additional 6,029 shares during the period. Institutional investors own 99.71% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Barclays reduced their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Truist Financial lowered their price objective on 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. Finally, Mizuho reduced their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $184.33.

Digital Realty Trust Stock Performance

Shares of DLR traded down $6.33 during trading hours on Thursday, hitting $142.35. The stock had a trading volume of 1,409,016 shares, compared to its average volume of 1,973,609. The firm has a 50-day moving average price of $157.98 and a 200 day moving average price of $169.56. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The firm has a market capitalization of $47.92 billion, a price-to-earnings ratio of 87.87, a PEG ratio of 4.38 and a beta of 0.65. 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 - Get Free Report) last posted its 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 net margin of 10.85% and a return on equity of 2.97%. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's payout ratio is presently 301.23%.

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.