18,100 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Trek Financial LLC

Trek Financial LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 18,100 shares of the real estate investment trust's stock, valued at approximately $3,210,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DLR. HighTower Advisors LLC grew its stake in Digital Realty Trust by 1.7% during the third quarter. HighTower Advisors LLC now owns 78,575 shares of the real estate investment trust's stock worth $12,655,000 after buying an additional 1,337 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Digital Realty Trust by 12.1% during the 3rd quarter. Janus Henderson Group PLC now owns 101,815 shares of the real estate investment trust's stock worth $16,478,000 after buying an additional 10,994 shares during the period. IHT Wealth Management LLC raised its stake in Digital Realty Trust by 25.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,074 shares of the real estate investment trust's stock worth $981,000 after buying an additional 1,222 shares during the period. Royal London Asset Management Ltd. lifted its stake in shares of Digital Realty Trust by 6.2% in the third quarter. Royal London Asset Management Ltd. now owns 109,064 shares of the real estate investment trust's stock valued at $17,650,000 after buying an additional 6,320 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Digital Realty Trust by 51.8% in the third quarter. Quantinno Capital Management LP now owns 10,184 shares of the real estate investment trust's stock valued at $1,648,000 after purchasing an additional 3,473 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Trading Up 1.6 %

Shares of DLR stock traded up $2.24 during trading hours on Friday, reaching $144.53. The company's stock had a trading volume of 698,083 shares, compared to its average volume of 2,022,993. 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 has a market capitalization of $48.65 billion, a P/E ratio of 88.60, a P/E/G ratio of 4.38 and a beta of 0.92. The firm's fifty day simple moving average is $153.53 and its 200 day simple moving average is $168.40. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's payout ratio is currently 301.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. StockNews.com cut Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Truist Financial lowered their price objective on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $184.33.

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.