Simon Quick Advisors LLC Takes $284,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Simon Quick Advisors LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,602 shares of the real estate investment trust’s stock, valued at approximately $284,000.

Other large investors have also bought and sold shares of the company. Sheets Smith Wealth Management purchased a new position in shares of Digital Realty Trust in the fourth quarter worth $201,000. Proquility Private Wealth Partners LLC grew its holdings in Digital Realty Trust by 0.8% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 23,528 shares of the real estate investment trust’s stock worth $4,172,000 after acquiring an additional 176 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of 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 valued at $373,000 after acquiring an additional 394 shares during the last quarter. Alpha Cubed Investments LLC boosted its holdings in shares of Digital Realty Trust by 27.7% during the fourth quarter. Alpha Cubed Investments LLC now owns 198,726 shares of the real estate investment trust’s stock worth $35,240,000 after purchasing an additional 43,051 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth about $473,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 0.6 %

NYSE:DLR opened at $183.45 on Friday. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The stock has a market cap of $60.85 billion, a price-to-earnings ratio of 154.16, a PEG ratio of 4.61 and a beta of 0.64. The company’s 50 day moving average price is $183.25 and its 200-day moving average price is $167.42. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 EPS. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DLR shares. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Evercore ISI lifted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.89.

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.