Focus Partners Wealth Purchases 20,908 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Focus Partners Wealth increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 181,632 shares of the real estate investment trust’s stock after purchasing an additional 20,908 shares during the period. Focus Partners Wealth’s holdings in Digital Realty Trust were worth $32,236,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth about $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Centricity Wealth Management LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $37,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DLR. Jefferies Financial Group restated a “buy” rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a research report on Monday, April 28th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $183.05.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $166.59 on Friday. The stock’s 50-day moving average is $150.78 and its 200 day moving average is $167.74. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. 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 company has a market cap of $56.11 billion, a P/E ratio of 102.83, a PEG ratio of 4.38 and a beta of 0.93.

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

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.93%. Digital Realty Trust’s payout ratio is 456.07%.

Digital Realty Trust 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.