JPL Wealth Management LLC Invests $3.46 Million in Digital Realty Trust, Inc. (NYSE:DLR)

JPL Wealth Management LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 19,487 shares of the real estate investment trust’s stock, valued at approximately $3,456,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Commonwealth Equity Services LLC raised its stake in shares of Digital Realty Trust by 0.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 111,542 shares of the real estate investment trust’s stock valued at $19,780,000 after acquiring an additional 875 shares in the last quarter. PGGM Investments raised its stake in shares of Digital Realty Trust by 27.5% in the 4th quarter. PGGM Investments now owns 408,421 shares of the real estate investment trust’s stock valued at $72,425,000 after acquiring an additional 88,061 shares in the last quarter. Balboa Wealth Partners raised its stake in shares of Digital Realty Trust by 53.1% in the 4th quarter. Balboa Wealth Partners now owns 2,097 shares of the real estate investment trust’s stock valued at $372,000 after acquiring an additional 727 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Digital Realty Trust by 1.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 65,522 shares of the real estate investment trust’s stock valued at $11,546,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Vestcor Inc raised its stake in shares of Digital Realty Trust by 56.3% in the 4th quarter. Vestcor Inc now owns 61,934 shares of the real estate investment trust’s stock valued at $10,983,000 after acquiring an additional 22,303 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $151.67 on Thursday. The business’s 50-day simple moving average is $166.91 and its 200 day simple moving average is $169.95. The stock has a market cap of $51.06 billion, a price-to-earnings ratio of 93.62, a P/E/G ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. 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 (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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. This represents a $4.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DLR. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Barclays raised their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Stifel Nicolaus raised their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.11.

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.