1,328 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Choate Investment Advisors

Choate Investment Advisors purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,328 shares of the real estate investment trust’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DLR. OneDigital Investment Advisors LLC lifted its position in Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 59 shares in the last quarter. CIBC Asset Management Inc lifted its position in Digital Realty Trust by 4.1% during the 3rd quarter. CIBC Asset Management Inc now owns 45,097 shares of the real estate investment trust’s stock worth $7,298,000 after buying an additional 1,778 shares in the last quarter. Empowered Funds LLC lifted its position in Digital Realty Trust by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 417 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Digital Realty Trust by 6.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 46,544 shares of the real estate investment trust’s stock worth $7,532,000 after buying an additional 2,748 shares in the last quarter. Finally, Claro Advisors LLC acquired a new position in Digital Realty Trust during the 3rd quarter worth about $223,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research reports. UBS Group upgraded shares of 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 report on Tuesday, January 7th. Truist Financial cut their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Barclays upped their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. upped 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, Stifel Nicolaus upped their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.11.

Digital Realty Trust Price Performance

NYSE DLR opened at $151.94 on Tuesday. The stock has a market cap of $51.15 billion, a price-to-earnings ratio of 93.79, a PEG ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The business has a 50 day simple moving average of $165.07 and a 200 day simple moving average of $170.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

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 for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 paid a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.21%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

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.