JPL Wealth Management LLC Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

JPL Wealth Management LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 19,487 shares of the real estate investment trust’s stock, valued at approximately $3,456,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in Digital Realty Trust by 0.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 111,542 shares of the real estate investment trust’s stock valued at $19,780,000 after buying an additional 875 shares during the last quarter. PGGM Investments increased its position in shares of Digital Realty Trust by 27.5% during the 4th quarter. PGGM Investments now owns 408,421 shares of the real estate investment trust’s stock worth $72,425,000 after purchasing an additional 88,061 shares during the last quarter. Balboa Wealth Partners increased its position in shares of Digital Realty Trust by 53.1% during the 4th quarter. Balboa Wealth Partners now owns 2,097 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 727 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Digital Realty Trust by 1.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 65,522 shares of the real estate investment trust’s stock worth $11,546,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Vestcor Inc increased its position in shares of Digital Realty Trust by 56.3% during the 4th quarter. Vestcor Inc now owns 61,934 shares of the real estate investment trust’s stock worth $10,983,000 after purchasing an additional 22,303 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 3.2 %

Shares of DLR stock opened at $151.67 on Thursday. The stock has a market cap of $51.06 billion, a price-to-earnings ratio of 93.62, a PEG ratio of 4.38 and a beta of 0.65. The stock has a 50-day moving average of $166.91 and a 200-day moving average of $169.95. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.22%. Digital Realty Trust’s payout ratio is 301.23%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Truist Financial reduced their target price on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday. Finally, Wells Fargo & Company reduced their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.11.

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.