Sheets Smith Wealth Management Acquires New Position in Digital Realty Trust, Inc. (NYSE:DLR)

Sheets Smith Wealth Management bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, Holdings Channel.com reports. The firm bought 17,108 shares of the real estate investment trust’s stock, valued at approximately $2,302,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Operose Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $27,000. Baldwin Brothers LLC MA lifted its stake in shares of Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 185 shares during the period. Bfsg LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $32,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research analyst reports. HSBC upped their price target on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research note on Friday. UBS Group upped their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial boosted their target price on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Citigroup boosted their target price on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $142.65.

Digital Realty Trust Trading Up 4.9 %

Shares of DLR stock traded up $6.85 during trading hours on Friday, reaching $147.00. 3,309,695 shares of the stock traded hands, compared to its average volume of 1,588,043. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The business has a fifty day moving average price of $142.27 and a 200 day moving average price of $137.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $45.93 billion, a PE ratio of 40.83, a PEG ratio of 3.34 and a beta of 0.55.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.32%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

Digital Realty Trust Company Profile

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.