NorthRock Partners LLC Purchases New Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

NorthRock Partners LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,028 shares of the real estate investment trust’s stock, valued at approximately $537,000.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC bought a new stake in Digital Realty Trust during the fourth quarter worth $35,000. Centricity Wealth Management LLC bought a new stake in Digital Realty Trust during the fourth quarter worth $37,000. Crews Bank & Trust bought a new stake in Digital Realty Trust during the fourth quarter worth $42,000. Finally, Millstone Evans Group LLC bought a new stake in Digital Realty Trust during the fourth quarter worth $43,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Mizuho cut their target price on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Barclays cut their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Oppenheimer started coverage on Digital Realty Trust in a research note on Wednesday. They set an “outperform” rating and a $200.00 target price for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $183.85.

Digital Realty Trust Stock Up 1.3%

Shares of DLR opened at $170.02 on Friday. The company has a market capitalization of $57.26 billion, a PE ratio of 104.95, a PEG ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock’s 50-day moving average price is $152.53 and its two-hundred day moving average price is $167.43. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 456.07%.

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.