Pines Wealth Management LLC Invests $526,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Pines Wealth Management LLC acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,034 shares of the real estate investment trust's stock, valued at approximately $526,000.

Other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in shares of Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust's stock worth $61,643,000 after purchasing an additional 23,028 shares during the period. Cumberland Partners Ltd increased its holdings in Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust's stock valued at $7,540,000 after buying an additional 31,430 shares during the last quarter. TCW Group Inc. boosted its stake in shares of Digital Realty Trust by 161.0% during the 3rd quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust's stock worth $8,204,000 after acquiring an additional 31,272 shares during the last quarter. Sei Investments Co. grew its position in shares of Digital Realty Trust by 11.2% during the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust's stock valued at $222,886,000 after acquiring an additional 147,689 shares during the period. Finally, Prestige Wealth Management Group LLC increased its stake in shares of Digital Realty Trust by 3,056.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust's stock worth $684,000 after purchasing an additional 4,095 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

DLR traded up $0.89 during trading hours on Wednesday, hitting $174.78. The company's stock had a trading volume of 1,859,762 shares, compared to its average volume of 1,871,604. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. 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 business's 50-day moving average price is $183.21 and its 200-day moving average price is $166.36. The stock has a market cap of $57.98 billion, a price-to-earnings ratio of 146.87, a P/E/G ratio of 4.91 and a beta of 0.64.

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

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is 410.08%.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the subject of several recent research reports. JPMorgan Chase & Co. boosted 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. Hsbc Global Res raised shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. Jefferies Financial Group lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, October 25th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, Scotiabank lifted their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $177.32.

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.