Proficio Capital Partners LLC Invests $38.43 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Proficio Capital Partners LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 216,703 shares of the real estate investment trust's stock, valued at approximately $38,428,000. Proficio Capital Partners LLC owned 0.07% of Digital Realty Trust at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC grew its position in shares of Digital Realty Trust by 4.1% in the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock valued at $2,400,000 after purchasing an additional 527 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock valued at $11,768,000 after buying an additional 9,959 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Digital Realty Trust by 26.4% in the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust's stock valued at $9,682,000 after buying an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Digital Realty Trust by 6.4% during 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 buying an additional 23,028 shares during the period. Finally, Cumberland Partners Ltd lifted its holdings in shares of 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 worth $7,540,000 after buying an additional 31,430 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust Trading Up 1.0 %

Shares of Digital Realty Trust stock traded up $1.55 during trading on Tuesday, hitting $156.86. The company's stock had a trading volume of 1,452,044 shares, compared to its average volume of 2,450,947. The stock has a market cap of $52.81 billion, a price-to-earnings ratio of 96.67, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The stock has a 50-day moving average price of $170.79 and a two-hundred day moving average price of $170.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

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 analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DLR. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Stifel Nicolaus raised their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.00.

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.