EverSource Wealth Advisors LLC Raises Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

EverSource Wealth Advisors LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 115.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,656 shares of the real estate investment trust’s stock after purchasing an additional 1,425 shares during the period. EverSource Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DLR. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at about $35,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at about $35,000. Versant Capital Management Inc grew its position in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in Digital Realty Trust in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DLR. Barclays lifted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Truist Financial dropped their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price target on 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.11.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $148.41 on Friday. The company has a 50 day moving average price of $165.62 and a 200-day moving average price of $169.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a market capitalization of $49.96 billion, a PE ratio of 91.61, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last posted 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 net margin of 10.85% and a return on equity of 2.97%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 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.