Fidelis Capital Partners LLC Takes $650,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Fidelis Capital Partners LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,025 shares of the real estate investment trust’s stock, valued at approximately $650,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Investment Partners LTD. bought a new stake in shares of Digital Realty Trust in the 4th quarter worth $221,000. B&I Capital AG acquired a new position in Digital Realty Trust during the fourth quarter worth about $8,086,000. Jones Financial Companies Lllp lifted its holdings in Digital Realty Trust by 56.1% in the 4th quarter. Jones Financial Companies Lllp now owns 80,791 shares of the real estate investment trust’s stock valued at $14,327,000 after acquiring an additional 29,037 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Digital Realty Trust by 502.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Finally, Norden Group LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $200,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Barclays lifted their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Stifel Nicolaus lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Truist Financial upped their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $181.00.

Digital Realty Trust Stock Down 0.7 %

Shares of Digital Realty Trust stock opened at $155.15 on Tuesday. The stock has a 50-day simple moving average of $170.79 and a 200-day simple moving average of $170.06. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The firm has a market cap of $52.23 billion, a price-to-earnings ratio of 95.77, 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 EPS 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%. On average, equities 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.15%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the business’s 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 through this hyperlink. Insiders own 0.17% of the company’s stock.

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.