Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,004 shares of the real estate investment trust's stock after buying an additional 2,381 shares during the period. GC Wealth Management RIA LLC's holdings in Digital Realty Trust were worth $1,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sage Mountain Advisors LLC increased its holdings in shares of Digital Realty Trust by 41.5% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,231 shares of the real estate investment trust's stock valued at $396,000 after acquiring an additional 654 shares during the period. Riverbend Wealth Management LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at $252,000. Clare Market Investments LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $256,000. Ranch Capital Advisors Inc. boosted its stake in shares of Digital Realty Trust by 11.4% during the fourth quarter. Ranch Capital Advisors Inc. now owns 1,953 shares of the real estate investment trust's stock worth $348,000 after buying an additional 200 shares during the period. Finally, Independent Advisor Alliance grew its holdings in shares of Digital Realty Trust by 22.7% during the fourth quarter. Independent Advisor Alliance now owns 6,930 shares of the real estate investment trust's stock worth $1,229,000 after buying an additional 1,283 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have commented on DLR shares. Deutsche Bank Aktiengesellschaft raised 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 note on Wednesday, January 15th. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target for the company in a report on Tuesday, February 18th. Barclays boosted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research note on Monday, November 18th. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $180.11.

Digital Realty Trust Price Performance

NYSE DLR traded down $5.90 during trading hours on Thursday, reaching $145.77. The company's stock had a trading volume of 2,442,592 shares, compared to its average volume of 2,512,487. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The company's 50-day moving average is $166.28 and its two-hundred day moving average is $169.78. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The stock has a market cap of $49.07 billion, a PE ratio of 89.98, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust's payout ratio is currently 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.