Denali Advisors LLC Has $2.52 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Denali Advisors LLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 188.9% during the 4th quarter, Holdings Channel reports. The firm owned 14,185 shares of the real estate investment trust’s stock after buying an additional 9,275 shares during the quarter. Denali Advisors LLC’s holdings in Digital Realty Trust were worth $2,516,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc boosted its holdings 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 worth $37,000 after acquiring an additional 173 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $37,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust during the 4th quarter valued at $42,000. Institutional investors and hedge funds 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 stock in a transaction 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 Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JMP Securities reissued a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a research report on Tuesday, February 18th. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price target 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, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $159.16 on Thursday. The firm’s 50 day simple moving average is $172.10 and its 200 day simple moving average is $169.78. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a market capitalization of $52.80 billion, a price-to-earnings ratio of 98.25, a P/E/G ratio of 4.38 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last posted its 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%. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current 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. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Digital Realty Trust Company 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.