New Age Alpha Advisors LLC Takes $20.62 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

New Age Alpha Advisors LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 116,286 shares of the real estate investment trust’s stock, valued at approximately $20,621,000. Digital Realty Trust comprises approximately 0.8% of New Age Alpha Advisors LLC’s portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc raised its stake in shares of Digital Realty Trust by 480.6% during the fourth 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 last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust during the fourth quarter worth $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 3.0 %

Shares of NYSE DLR opened at $144.95 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a 50-day moving average price of $160.83 and a 200-day moving average price of $169.80. The stock has a market capitalization of $48.80 billion, a P/E ratio of 89.48, a P/E/G ratio of 4.38 and a beta of 0.65. 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 released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DLR shares. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Scotiabank upgraded 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 report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.95.

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.