Foster Victor Wealth Advisors LLC Has $6.93 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Foster Victor Wealth Advisors LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,810 shares of the real estate investment trust’s stock after buying an additional 547 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $6,925,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DLR. Adirondack Trust Co. boosted its position in shares of Digital Realty Trust by 68.6% during the 3rd 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 bought a new stake in Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc boosted its holdings in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Digital Realty Trust in the 3rd quarter valued at $38,000. Finally, First Financial Corp IN acquired a new position in shares of Digital Realty Trust during the 4th quarter worth $42,000. 99.71% of the stock is owned by institutional investors.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust Price Performance

DLR stock opened at $162.19 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The company’s 50-day moving average is $182.49 and its 200-day moving average is $167.98. The stock has a market capitalization of $53.80 billion, a PE ratio of 136.29, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Wall Street Analyst Weigh In

DLR has been the topic of several research analyst reports. JMP Securities assumed coverage on Digital Realty Trust in a research note on Monday. They issued an “outperform” rating and a $220.00 price objective on the stock. Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday. Raymond James boosted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Finally, Truist Financial increased their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $180.95.

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.