Brookstone Capital Management Acquires 2,951 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Brookstone Capital Management grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,011 shares of the real estate investment trust's stock after acquiring an additional 2,951 shares during the quarter. Brookstone Capital Management's holdings in Digital Realty Trust were worth $3,726,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Digital Realty Trust by 501.7% in the third 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 purchasing an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock worth $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Digital Realty Trust by 543.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust's stock worth $220,068,000 after buying an additional 1,773,591 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Digital Realty Trust during the 3rd quarter valued at about $132,980,000. Finally, Wulff Hansen & CO. boosted its holdings in shares of Digital Realty Trust by 15,105.0% during the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust's stock valued at $121,006,000 after acquiring an additional 790,596 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company'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 transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Hsbc Global Res upgraded shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research note on Friday, October 4th. Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and upped their price objective for the company from $185.00 to $194.00 in a research report on Wednesday. Finally, Jefferies Financial Group raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.32.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $173.93 on Wednesday. The firm's fifty day moving average is $183.21 and its two-hundred day moving average is $166.36. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. The company has a market cap of $57.69 billion, a P/E ratio of 146.16, a P/E/G ratio of 4.91 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 earnings per share. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's payout ratio is 410.08%.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.