Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,360 shares of the real estate investment trust’s stock after purchasing an additional 131 shares during the period. Prestige Wealth Management Group LLC’s holdings in Digital Realty Trust were worth $778,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after buying an additional 469,823 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after acquiring an additional 3,607,802 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Digital Realty Trust by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock worth $700,486,000 after acquiring an additional 79,322 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Digital Realty Trust by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock valued at $644,196,000 after purchasing an additional 122,090 shares during the last quarter. Finally, Amundi lifted its holdings in Digital Realty Trust by 10.2% in the 4th quarter. Amundi now owns 1,451,440 shares of the real estate investment trust’s stock valued at $262,522,000 after purchasing an additional 134,228 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DLR shares. Truist Financial dropped their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. JMP Securities restated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $155.46 on Tuesday. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The company has a fifty day simple moving average of $162.49 and a two-hundred day simple moving average of $170.10. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $52.33 billion, a price-to-earnings ratio of 95.96, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, equities 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.14%. Digital Realty Trust’s dividend payout ratio is currently 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.