Envestnet Asset Management Inc. Buys 42,696 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Envestnet Asset Management Inc. increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 434,333 shares of the real estate investment trust’s stock after acquiring an additional 42,696 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Digital Realty Trust worth $77,020,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth $29,000. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth $35,000. Fairway Wealth LLC bought a new position in Digital Realty Trust during the fourth quarter worth about $35,000. Versant Capital Management Inc grew its stake in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DLR shares. Barclays decreased their price objective on 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. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a report on Tuesday, February 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price target on 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.33.

Digital Realty Trust Stock Down 0.9 %

Shares of DLR stock opened at $135.51 on Wednesday. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The stock has a market cap of $45.62 billion, a price-to-earnings ratio of 83.65, a PEG ratio of 4.38 and a beta of 0.92. The firm’s 50-day moving average is $154.64 and its 200-day moving average is $168.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 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.