1,410 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Bought by Riverbend Wealth Management LLC

Riverbend Wealth Management LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,410 shares of the real estate investment trust’s stock, valued at approximately $252,000.

Other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC lifted its position in shares of Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares during the period. Stolper Co lifted its holdings in Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after buying an additional 64 shares during the period. Bleakley Financial Group LLC boosted its position in Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after acquiring an additional 64 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Digital Realty Trust by 6.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 67 shares during the period. Finally, Catalina Capital Group LLC raised its position in shares of Digital Realty Trust by 3.1% in the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 72 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DLR shares. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.11.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $145.50 on Tuesday. The firm’s 50-day moving average price is $168.03 and its 200-day moving average price is $170.12. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. 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 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 posted 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%. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

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.