Digital Realty Trust, Inc. $DLR Shares Purchased by FourThought Financial Partners LLC

FourThought Financial Partners LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 48.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,798 shares of the real estate investment trust’s stock after buying an additional 9,392 shares during the period. FourThought Financial Partners LLC’s holdings in Digital Realty Trust were worth $5,020,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. South Plains Financial Inc. boosted its stake in shares of Digital Realty Trust by 280.5% during the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 115 shares in the last quarter. Tobam acquired a new position in Digital Realty Trust in the 2nd quarter worth about $28,000. Greykasell Wealth Strategies Inc. purchased a new position in Digital Realty Trust during the first quarter worth approximately $26,000. AdvisorShares Investments LLC acquired a new stake in Digital Realty Trust in the second quarter valued at approximately $32,000. Finally, NewSquare Capital LLC increased its position in shares of Digital Realty Trust by 149.3% in the second quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of recent analyst reports. Citigroup increased their target price on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digital Realty Trust in a report on Wednesday, November 19th. Stifel Nicolaus set a $210.00 target price on shares of Digital Realty Trust in a research report on Friday, October 24th. Loop Capital set a $205.00 price target on shares of Digital Realty Trust in a research report on Monday, October 27th. Finally, TD Cowen raised their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.14.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $158.92 on Tuesday. The company has a fifty day simple moving average of $169.99 and a 200-day simple moving average of $170.88. The firm has a market capitalization of $54.59 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 4.13 and a beta of 0.96. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The firm had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

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.