Hanover Advisors Inc. Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Hanover Advisors Inc. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 41.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,396 shares of the real estate investment trust’s stock after purchasing an additional 698 shares during the quarter. Hanover Advisors Inc.’s holdings in Digital Realty Trust were worth $425,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after acquiring an additional 3,607,802 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Digital Realty Trust during the 3rd quarter worth about $132,980,000. Sycomore Asset Management purchased a new stake in shares of Digital Realty Trust during the 3rd quarter worth about $80,915,000. National Pension Service boosted its stake in shares of Digital Realty Trust by 88.8% during the 4th quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock worth $139,812,000 after acquiring an additional 370,835 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth about $38,428,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DLR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Wells Fargo & Company reduced their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus upped their price target 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $181.00.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $156.38 on Friday. 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, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The stock has a market capitalization of $52.64 billion, a P/E ratio of 96.53, a PEG ratio of 4.38 and a beta of 0.63. The company has a 50 day moving average price of $171.26 and a 200 day moving average price of $169.75.

Digital Realty Trust (NYSE:DLR) last issued 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%. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.12%. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

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.