Capital Asset Advisory Services LLC Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Capital Asset Advisory Services LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,176 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Other hedge funds also recently modified their holdings of the company. Adirondack Trust Co. grew its holdings in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its stake in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Digital Realty Trust during the 3rd quarter worth approximately $38,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust in the fourth quarter worth approximately $42,000. Institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’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 SEC, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $164.46 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $54.55 billion, a price-to-earnings ratio of 138.20, a P/E/G ratio of 4.64 and a beta of 0.64. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The firm’s 50-day simple moving average is $183.37 and its two-hundred day simple moving average is $167.90.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DLR shares. Wells Fargo & Company upped their target price 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 upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Raymond James lifted their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Truist Financial raised their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Barclays boosted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $180.95.

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.