Cresset Asset Management LLC Makes New $712,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Cresset Asset Management LLC acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,994 shares of the real estate investment trust’s stock, valued at approximately $712,000.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Digital Realty Trust in the fourth quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Centricity Wealth Management LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $37,000. Finally, First Financial Corp IN bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $42,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.1%

DLR opened at $165.84 on Wednesday. The stock has a market cap of $55.85 billion, a PE ratio of 102.37, a P/E/G ratio of 4.38 and a beta of 0.93. 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, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The business’s fifty day simple moving average is $151.31 and its 200 day simple moving average is $167.64.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The business 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 2.97% and a net margin of 10.85%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. As a group, research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 2.94%. Digital Realty Trust’s dividend payout ratio is presently 456.07%.

Analyst Ratings Changes

Several analysts have recently issued reports on DLR shares. JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research report on Monday, April 28th. Barclays lowered their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target 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. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, Scotiabank lowered their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 22nd. Two equities research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

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.