Proquility Private Wealth Partners LLC Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Proquility Private Wealth Partners LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,528 shares of the real estate investment trust’s stock after purchasing an additional 176 shares during the period. Digital Realty Trust comprises approximately 1.3% of Proquility Private Wealth Partners LLC’s holdings, making the stock its 29th biggest position. Proquility Private Wealth Partners LLC’s holdings in Digital Realty Trust were worth $4,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Adirondack Trust Co. increased its position in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 173 shares during the period. Future Financial Wealth Managment LLC bought a new position in Digital Realty Trust in the 3rd quarter worth approximately $38,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 2.9 %

DLR stock opened at $183.56 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $60.89 billion, a PE ratio of 154.25, a P/E/G ratio of 4.48 and a beta of 0.64. The firm’s 50-day moving average is $183.10 and its 200 day moving average is $167.08. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 EPS. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current 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 issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DLR shares. Jefferies Financial Group upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Truist Financial increased their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $177.32.

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.