Lake Street Advisors Group LLC Raises Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Lake Street Advisors Group LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,799 shares of the real estate investment trust’s stock after acquiring an additional 107 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Digital Realty Trust were worth $678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at $35,000. Versant Capital Management Inc increased its position in shares of 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 valued at $37,000 after acquiring an additional 173 shares during the period. Centricity Wealth Management LLC purchased a new position in Digital Realty Trust in the 4th quarter worth $37,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust during the 4th quarter worth about $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DLR shares. Stifel Nicolaus increased their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Truist Financial raised their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $159.16 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a fifty day moving average of $172.10 and a 200 day moving average of $169.78. The firm has a market cap of $52.80 billion, a PE ratio of 98.25, a PEG ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 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%. As a group, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

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.