Auxier Asset Management Makes New $214,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Auxier Asset Management bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 1,204 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Several other hedge funds also recently modified their holdings of the stock. Merit Financial Group LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $571,000. Atomi Financial Group Inc. boosted its holdings in Digital Realty Trust by 23.1% during the fourth quarter. Atomi Financial Group Inc. now owns 2,103 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 394 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in Digital Realty Trust in the 4th quarter worth about $284,000. Janney Montgomery Scott LLC increased its stake in Digital Realty Trust by 16.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,526 shares of the real estate investment trust’s stock valued at $8,960,000 after buying an additional 7,086 shares during the last quarter. Finally, True North Advisors LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.2%

DLR opened at $168.31 on Friday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a 50 day moving average of $154.49 and a 200 day moving average of $167.08. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a market cap of $56.68 billion, a PE ratio of 103.89, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Digital Realty Trust’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.67 earnings per share. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 456.07%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DLR. Barclays reduced their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday, March 20th. Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, Jefferies Financial Group restated a “buy” rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $185.10.

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.