Consolidated Portfolio Review Corp Makes New $207,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Consolidated Portfolio Review Corp acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,448 shares of the real estate investment trust’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently modified their holdings of the business. Fairway Wealth LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at about $35,000. Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the first quarter valued at approximately $38,000. SRS Capital Advisors Inc. boosted its position in shares of Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 201 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Digital Realty Trust in the fourth quarter worth $43,000. Finally, Grove Bank & Trust raised its position in shares of Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Oppenheimer began coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 target price on the stock. Barclays reduced their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group restated a “buy” rating and issued a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Finally, New Street Research raised Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $185.76.

Insider Activity

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director now owns 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Down 3.1%

Shares of DLR stock opened at $172.12 on Thursday. The company has a 50 day simple moving average of $168.02 and a two-hundred day simple moving average of $165.14. The stock has a market cap of $57.97 billion, a P/E ratio of 160.86, a P/E/G ratio of 2.70 and a beta of 0.95. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. Digital Realty Trust’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 456.07%.

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.