Fidelis Capital Partners LLC Buys Shares of 4,025 Digital Realty Trust, Inc. (NYSE:DLR)

Fidelis Capital Partners LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,025 shares of the real estate investment trust’s stock, valued at approximately $650,000.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the 4th quarter valued at $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $35,000. Versant Capital Management Inc raised its position 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 buying an additional 173 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth about $37,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust during the fourth quarter valued at about $42,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Down 0.7 %

Shares of NYSE DLR opened at $155.15 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $52.23 billion, a price-to-earnings ratio of 95.77, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The firm’s 50-day simple moving average is $170.79 and its 200 day simple moving average is $170.06.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS 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%. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.15%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. raised their price objective 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. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank raised shares of 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 report on Tuesday, February 18th. Finally, Truist Financial upped their target price on shares of 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 equities 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.00.

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.