Digital Realty Trust, Inc. (NYSE:DLR) Position Boosted by Smith Salley Wealth Management

Smith Salley Wealth Management boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,149 shares of the real estate investment trust’s stock after buying an additional 495 shares during the quarter. Smith Salley Wealth Management’s holdings in Digital Realty Trust were worth $1,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Adirondack Trust Co. increased its holdings in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the fourth quarter valued at $35,000. Versant Capital Management Inc raised its holdings in shares of 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 worth $37,000 after purchasing an additional 173 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Digital Realty Trust in the 3rd quarter worth about $38,000. Finally, First Financial Corp IN acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.9 %

Shares of DLR stock opened at $178.54 on Friday. The stock has a 50-day simple moving average of $183.19 and a 200 day simple moving average of $166.69. The stock has a market capitalization of $59.22 billion, a P/E ratio of 150.03, a P/E/G ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business posted $1.62 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DLR shares. Truist Financial raised their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Evercore ISI boosted 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. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Barclays lifted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.32.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.