Spectrum Wealth Counsel LLC Has $4.88 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Spectrum Wealth Counsel LLC lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,515 shares of the real estate investment trust’s stock after selling 80 shares during the period. Spectrum Wealth Counsel LLC’s holdings in Digital Realty Trust were worth $4,879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of Digital Realty Trust by 4.1% in the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock worth $2,400,000 after acquiring an additional 527 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its stake in Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after buying an additional 9,959 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Digital Realty Trust by 26.4% in the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after buying an additional 11,405 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after buying an additional 23,028 shares during the last quarter. Finally, Cumberland Partners Ltd increased its stake in Digital Realty Trust by 207.3% in the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after buying an additional 31,430 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on DLR shares. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Truist Financial increased their target price 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $181.00.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $156.38 on Friday. The stock has a market cap of $52.64 billion, a PE ratio of 96.53, a PEG ratio of 4.38 and a beta of 0.63. The company’s fifty day moving average is $171.26 and its 200 day moving average is $169.75. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s payout ratio is 301.23%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust 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 value of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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.