BankPlus Wealth Management LLC Invests $475,000 in Digital Realty Trust, Inc. (NYSE:DLR)

BankPlus Wealth Management LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,680 shares of the real estate investment trust’s stock, valued at approximately $475,000.

Several other hedge funds have also added to or reduced their stakes in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares during the period. Point72 Asset Management L.P. bought a new stake in Digital Realty Trust in the third quarter valued at approximately $132,980,000. Sycomore Asset Management acquired a new stake in Digital Realty Trust during the 3rd quarter valued at approximately $80,915,000. Finally, Ghisallo Capital Management LLC bought a new position in Digital Realty Trust during the 2nd quarter worth approximately $76,025,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 8.9 %

Shares of Digital Realty Trust stock opened at $164.46 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $183.37 and a 200 day simple moving average of $167.90. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The company has a market capitalization of $54.55 billion, a P/E ratio of 138.20, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a $1.22 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.97%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DLR shares. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Barclays increased their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Jefferies Financial Group boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, Truist Financial increased their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $180.95.

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.