Sanctuary Advisors LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,673 shares of the real estate investment trust’s stock after selling 3,059 shares during the period. Sanctuary Advisors LLC’s holdings in Digital Realty Trust were worth $18,323,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of DLR. Cherry Creek Investment Advisors Inc. increased its position in shares of Digital Realty Trust by 0.3% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock worth $3,378,000 after purchasing an additional 51 shares in the last quarter. Columbia Bank boosted its position in shares of Digital Realty Trust by 0.9% in the 1st quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock worth $1,111,000 after purchasing an additional 53 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Digital Realty Trust by 9.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 55 shares in the last quarter. South Plains Financial Inc. grew its stake in Digital Realty Trust by 25.7% during the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 56 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in Digital Realty Trust by 2.6% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust’s stock worth $372,000 after buying an additional 61 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Digital Realty Trust Stock Performance
DLR opened at $176.20 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The firm has a 50 day moving average of $186.48 and a two-hundred day moving average of $179.68. The firm has a market capitalization of $61.92 billion, a PE ratio of 46.49, a P/E/G ratio of 4.70 and a beta of 1.03.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.
Wall Street Analysts Forecast Growth
DLR has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $215.00 price target on shares of Digital Realty Trust in a research note on Friday, April 24th. Mizuho upped their price objective on shares of Digital Realty Trust from $180.00 to $217.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. UBS Group lifted their target price on shares of Digital Realty Trust from $225.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, BTIG Research assumed coverage on shares of Digital Realty Trust in a research note on Friday, July 10th. They set a “buy” rating and a $215.00 price target on the stock. 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.17.
Check Out Our Latest Stock Report on Digital Realty Trust
Digital Realty Trust Profile
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.
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