Lakeshore Capital Group Inc. Buys New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

Lakeshore Capital Group Inc. purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,862 shares of the real estate investment trust’s stock, valued at approximately $685,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in Digital Realty Trust during the fourth quarter worth about $29,000. Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Centricity Wealth Management LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $37,000. Crews Bank & Trust acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $42,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 201 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on DLR shares. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Citigroup lowered their price target on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, JMP Securities reiterated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $185.10.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $168.31 on Monday. The stock’s 50-day moving average is $154.49 and its 200-day moving average is $166.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market cap of $56.68 billion, a P/E ratio of 103.89, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 2.90%. Digital Realty Trust’s payout ratio is 456.07%.

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.