Sheets Smith Wealth Management Makes New $201,000 Investment 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, HoldingsChannel reports. The institutional investor bought 1,135 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Several other large investors also recently modified their holdings of DLR. Renaissance Technologies LLC bought a new position in Digital Realty Trust in the 2nd quarter valued at about $9,105,000. Thrivent Financial for Lutherans boosted its position in shares of Digital Realty Trust by 0.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 62,360 shares of the real estate investment trust’s stock worth $9,482,000 after acquiring an additional 324 shares in the last quarter. Summit Trail Advisors LLC bought a new position in Digital Realty Trust in the second quarter valued at approximately $219,000. Ensign Peak Advisors Inc raised its position in Digital Realty Trust by 84.7% during the second quarter. Ensign Peak Advisors Inc now owns 33,699 shares of the real estate investment trust’s stock valued at $5,124,000 after purchasing an additional 15,450 shares in the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of Digital Realty Trust by 10.1% in the 2nd quarter. Profund Advisors LLC now owns 5,160 shares of the real estate investment trust’s stock valued at $785,000 after purchasing an additional 473 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Jefferies Financial Group lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.32.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $182.40 on Thursday. The company has a market cap of $60.50 billion, a P/E ratio of 153.28, a PEG ratio of 4.48 and a beta of 0.64. 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 business has a 50-day moving average price of $183.16 and a two-hundred day moving average price of $167.31. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.68%. Digital Realty Trust’s dividend payout ratio is 410.08%.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust 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.