GC Wealth Management RIA LLC Buys 2,381 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

GC Wealth Management RIA LLC boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 36.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,004 shares of the real estate investment trust’s stock after acquiring an additional 2,381 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Digital Realty Trust were worth $1,597,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DLR. CWA Asset Management Group LLC bought a new stake in Digital Realty Trust during the third quarter worth approximately $297,000. Assetmark Inc. increased its stake in Digital Realty Trust by 7.5% during the third quarter. Assetmark Inc. now owns 3,644 shares of the real estate investment trust’s stock worth $590,000 after acquiring an additional 255 shares during the last quarter. Atria Investments Inc increased its stake in Digital Realty Trust by 7.8% during the third quarter. Atria Investments Inc now owns 9,582 shares of the real estate investment trust’s stock worth $1,551,000 after acquiring an additional 695 shares during the last quarter. Sigma Planning Corp increased its stake in Digital Realty Trust by 9.3% during the third quarter. Sigma Planning Corp now owns 15,282 shares of the real estate investment trust’s stock worth $2,473,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Digital Realty Trust by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 16,872 shares of the real estate investment trust’s stock worth $2,731,000 after acquiring an additional 151 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $145.50 on Tuesday. The business’s fifty day simple moving average is $168.03 and its 200-day simple moving average is $170.12. The company has a market cap of $48.98 billion, a PE ratio of 89.82, a PEG ratio of 4.38 and a beta of 0.65. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00.

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

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s payout ratio is presently 301.23%.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Barclays upped their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.11.

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.