Prestige Wealth Management Group LLC Purchases 4,621 Shares of Digital Realty Trust, Inc. $DLR

Prestige Wealth Management Group LLC grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3,080.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,771 shares of the real estate investment trust’s stock after purchasing an additional 4,621 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Digital Realty Trust were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Sunbelt Securities Inc. grew its position in Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares during the period. Bell Investment Advisors Inc increased its holdings in Digital Realty Trust by 56.9% during the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in Digital Realty Trust by 970.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 165 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth $34,000. Finally, MCF Advisors LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth $35,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $178.48 on Thursday. The stock has a market cap of $62.72 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 4.88 and a beta of 1.03. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The firm has a fifty day moving average price of $184.61 and a 200-day moving average price of $180.41. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. Digital Realty Trust’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.77 EPS. Equities analysts anticipate that Digital Realty Trust, Inc. will post 8.04 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent research reports. BNP Paribas Exane boosted their price objective on shares of Digital Realty Trust from $196.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Jefferies Financial Group lifted their target price on Digital Realty Trust from $223.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, April 24th. BTIG Research began coverage on Digital Realty Trust in a report on Friday, July 10th. They set a “buy” rating and a $215.00 price target for the company. Citigroup restated an “outperform” rating on shares of Digital Realty Trust in a research report on Monday, April 27th. Finally, TD Cowen raised their price objective on Digital Realty Trust from $185.00 to $192.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $216.17.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.