FineMark National Bank & Trust Acquires 2,016 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

FineMark National Bank & Trust increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,981 shares of the real estate investment trust’s stock after acquiring an additional 2,016 shares during the quarter. FineMark National Bank & Trust’s holdings in Digital Realty Trust were worth $10,636,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DLR. Stolper Co increased its position in Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after purchasing an additional 64 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 64 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Digital Realty Trust by 6.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 67 shares during the period. Catalina Capital Group LLC raised its stake in shares of Digital Realty Trust by 3.1% during the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock worth $424,000 after buying an additional 72 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Digital Realty Trust by 25.9% in the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 73 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 3.4 %

NYSE DLR opened at $155.46 on Tuesday. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 95.96, 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. The stock’s 50 day moving average price is $162.49 and its two-hundred day moving average price is $170.10. 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 (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS 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%. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.14%. Digital Realty Trust’s payout ratio is presently 301.23%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of analyst reports. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank raised 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. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Two investment 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $179.95.

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.