HighPoint Advisor Group LLC Acquires 284 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

HighPoint Advisor Group LLC increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,343 shares of the real estate investment trust’s stock after purchasing an additional 284 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Digital Realty Trust were worth $885,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Townsquare Capital LLC raised its holdings in shares of Digital Realty Trust by 3.8% during the third quarter. Townsquare Capital LLC now owns 4,757 shares of the real estate investment trust’s stock worth $770,000 after acquiring an additional 175 shares during the period. CreativeOne Wealth LLC raised its stake in shares of Digital Realty Trust by 20.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 2,231 shares of the real estate investment trust’s stock valued at $361,000 after purchasing an additional 379 shares during the period. Aureus Asset Management LLC bought a new stake in shares of Digital Realty Trust in the third quarter valued at about $210,000. Benjamin Edwards Inc. boosted its position in shares of Digital Realty Trust by 10,864.4% during the third quarter. Benjamin Edwards Inc. now owns 37,279 shares of the real estate investment trust’s stock worth $6,035,000 after buying an additional 36,939 shares during the period. Finally, Centiva Capital LP grew its holdings in shares of Digital Realty Trust by 88.6% during the third quarter. Centiva Capital LP now owns 12,295 shares of the real estate investment trust’s stock worth $1,990,000 after buying an additional 5,776 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of DLR opened at $146.00 on Wednesday. The company’s 50-day moving average is $158.65 and its 200-day moving average is $169.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a market capitalization of $49.15 billion, a PE ratio of 90.12, a PEG ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 301.23%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DLR. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Truist Financial lowered their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $180.32.

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.