EP Wealth Advisors LLC Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

EP Wealth Advisors LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,703 shares of the real estate investment trust’s stock after buying an additional 170 shares during the quarter. EP Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stolper Co boosted its position in Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after purchasing an additional 64 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after buying an additional 64 shares during the last quarter. Catalina Capital Group LLC grew its position in Digital Realty Trust by 3.1% during the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 72 shares during the period. Colonial Trust Co SC increased its holdings in Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 72 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in Digital Realty Trust by 25.9% in the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

NYSE:DLR opened at $166.59 on Friday. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The stock has a fifty day moving average of $150.78 and a 200 day moving average of $167.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a market capitalization of $56.11 billion, a price-to-earnings ratio of 102.83, a P/E/G ratio of 4.38 and a beta of 0.93.

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

Digital Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Citigroup reduced their price objective on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Scotiabank dropped their price target on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, JMP Securities reissued a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $183.05.

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.