Summit Securities Group LLC Invests $337,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Summit Securities Group LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,900 shares of the real estate investment trust’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC bought a new position in Digital Realty Trust in the 4th quarter worth about $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust in the 4th quarter worth about $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc grew its holdings in shares of Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at approximately $37,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Barclays decreased their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Finally, Mizuho dropped their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.32.

Digital Realty Trust Stock Performance

DLR opened at $142.10 on Friday. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business’s 50-day simple moving average is $160.10 and its 200 day simple moving average is $169.84. The firm has a market capitalization of $47.84 billion, a PE ratio of 87.71, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

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.