Ibex Wealth Advisors Takes $6.73 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Ibex Wealth Advisors bought a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,948 shares of the real estate investment trust's stock, valued at approximately $6,729,000.

Other hedge funds also recently made changes to their positions in the company. Adirondack Trust Co. increased its position in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc increased its position in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 173 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Digital Realty Trust during the 3rd quarter valued at $38,000. Finally, First Financial Corp IN purchased a new position in Digital Realty Trust during the 4th quarter valued at $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 value of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $2.55 during midday trading on Thursday, hitting $164.28. 1,964,155 shares of the company's stock traded hands, compared to its average volume of 2,436,492. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 138.05, a price-to-earnings-growth ratio of 4.64 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. The firm has a fifty day moving average of $182.02 and a 200 day moving average of $167.93.

Digital Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DLR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Raymond James boosted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Finally, Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $180.95.

About Digital Realty Trust

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.