Argentarii LLC Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Argentarii LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 11,639 shares of the real estate investment trust’s stock, valued at approximately $2,064,000. Digital Realty Trust comprises about 1.0% of Argentarii LLC’s holdings, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in Digital Realty Trust by 40.6% in the third quarter. Janney Montgomery Scott LLC now owns 43,440 shares of the real estate investment trust’s stock worth $7,030,000 after buying an additional 12,544 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Digital Realty Trust by 16.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 27,525 shares of the real estate investment trust’s stock worth $4,454,000 after buying an additional 3,923 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Digital Realty Trust by 94.6% in the third quarter. Concurrent Investment Advisors LLC now owns 6,420 shares of the real estate investment trust’s stock worth $1,039,000 after buying an additional 3,121 shares during the last quarter. Graypoint LLC lifted its position in Digital Realty Trust by 6.7% in the third quarter. Graypoint LLC now owns 2,393 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 150 shares during the last quarter. Finally, Consolidated Planning Corp increased its stake in Digital Realty Trust by 31.8% in the third quarter. Consolidated Planning Corp now owns 3,192 shares of the real estate investment trust’s stock worth $516,000 after purchasing an additional 771 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $149.13 on Friday. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The stock’s 50-day moving average is $168.64 and its 200 day moving average is $170.01. The company has a market cap of $50.20 billion, a P/E ratio of 92.06, a PEG ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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 issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DLR. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JMP Securities reiterated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.00.

Digital Realty Trust 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.