Segment Wealth Management LLC Makes New $208,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Segment Wealth Management LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,174 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Several other large investors also recently modified their holdings of the stock. Adirondack Trust Co. boosted its stake in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust during the fourth quarter valued at about $35,000. Versant Capital Management Inc boosted its position in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Digital Realty Trust in the 3rd quarter valued at about $38,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $183.56 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $183.10 and a two-hundred day simple moving average of $167.08. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The firm has a market cap of $60.89 billion, a price-to-earnings ratio of 154.25, a price-to-earnings-growth ratio of 4.48 and a beta of 0.64.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DLR. Scotiabank raised their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $177.32.

About Digital Realty Trust

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.