Prestige Wealth Management Group LLC Purchases 4,095 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Prestige Wealth Management Group LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3,056.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,229 shares of the real estate investment trust's stock after buying an additional 4,095 shares during the quarter. Prestige Wealth Management Group LLC's holdings in Digital Realty Trust were worth $684,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its position in shares of Digital Realty Trust by 15.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,104 shares of the real estate investment trust's stock worth $1,840,000 after purchasing an additional 1,588 shares during the last quarter. Cooper Financial Group acquired a new stake in shares of Digital Realty Trust in the second quarter worth $205,000. Wedmont Private Capital increased its position in Digital Realty Trust by 62.1% during the second quarter. Wedmont Private Capital now owns 3,447 shares of the real estate investment trust's stock worth $546,000 after acquiring an additional 1,321 shares during the period. M&G Plc acquired a new position in Digital Realty Trust during the 2nd quarter valued at $207,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Digital Realty Trust by 15.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,976 shares of the real estate investment trust's stock valued at $2,277,000 after purchasing an additional 2,027 shares during the period. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock traded down $2.27 during midday trading on Tuesday, reaching $185.90. The company had a trading volume of 884,257 shares, compared to its average volume of 1,871,346. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $176.64 and a 200 day simple moving average of $160.36. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $198.00. The company has a market capitalization of $61.67 billion, a price-to-earnings ratio of 156.54, a price-to-earnings-growth ratio of 5.11 and a beta of 0.62.

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

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.63%. Digital Realty Trust's dividend payout ratio is currently 410.08%.

Analyst Ratings Changes

Several equities analysts have commented on DLR shares. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Jefferies Financial Group lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. 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 lifted their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Barclays increased their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $171.68.

Digital Realty Trust Profile

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.