Capital Investment Counsel LLC Acquires 91 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Capital Investment Counsel LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 46,465 shares of the real estate investment trust’s stock after purchasing an additional 91 shares during the quarter. Digital Realty Trust comprises approximately 1.4% of Capital Investment Counsel LLC’s holdings, making the stock its 22nd biggest position. Capital Investment Counsel LLC’s holdings in Digital Realty Trust were worth $8,240,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in shares of Digital Realty Trust by 1.3% in the second quarter. Mackenzie Financial Corp now owns 28,895 shares of the real estate investment trust’s stock valued at $4,393,000 after purchasing an additional 367 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Digital Realty Trust by 16.1% in the 2nd quarter. NewEdge Advisors LLC now owns 14,763 shares of the real estate investment trust’s stock valued at $2,245,000 after buying an additional 2,047 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Digital Realty Trust by 23.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,416 shares of the real estate investment trust’s stock worth $2,344,000 after buying an additional 2,963 shares during the period. Regal Investment Advisors LLC boosted its position in shares of Digital Realty Trust by 4.5% in the second quarter. Regal Investment Advisors LLC now owns 1,921 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 83 shares during the period. Finally, Pathway Financial Advisers LLC grew its stake in shares of Digital Realty Trust by 0.6% in the second quarter. Pathway Financial Advisers LLC now owns 12,014 shares of the real estate investment trust’s stock valued at $1,820,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

DLR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, TD Cowen raised their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.95.

Digital Realty Trust Stock Performance

Shares of DLR opened at $162.19 on Wednesday. The stock has a 50 day moving average of $182.99 and a 200 day moving average of $167.95. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. 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 $53.80 billion, a price-to-earnings ratio of 136.29, a PEG ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.01%. Digital Realty Trust’s payout ratio is presently 410.08%.

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.