Summit Securities Group LLC Buys New Position in Digital Realty Trust, Inc. (NYSE:DLR)

Summit Securities Group LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,900 shares of the real estate investment trust's stock, valued at approximately $337,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $35,000. Fairway Wealth LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc lifted its stake in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at about $37,000. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DLR shares. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Barclays lowered their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective for the company in a research note on Tuesday, February 18th. Finally, UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $184.33.

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Digital Realty Trust Trading Down 3.8 %

Shares of Digital Realty Trust stock traded down $5.67 on Thursday, hitting $143.01. 1,289,678 shares of the company traded hands, compared to its average volume of 2,497,533. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock's 50 day moving average price is $157.98 and its 200-day moving average price is $169.56. The company has a market cap of $48.14 billion, a PE ratio of 88.28, a PEG ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping 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%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.41%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Digital Realty Trust Company 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.