Prestige Wealth Management Group LLC Increases Stake in Digital Realty Trust, Inc. $DLR

Prestige Wealth Management Group LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3,080.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,771 shares of the real estate investment trust’s stock after buying an additional 4,621 shares during the period. Prestige Wealth Management Group LLC’s holdings in Digital Realty Trust were worth $860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in Digital Realty Trust by 3.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust’s stock worth $92,557,000 after acquiring an additional 20,735 shares during the last quarter. Norges Bank bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $3,402,995,000. Legal & General Group Plc grew its holdings in shares of Digital Realty Trust by 5.9% in the fourth quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust’s stock valued at $619,956,000 after purchasing an additional 224,688 shares in the last quarter. Pacific Heights Asset Management LLC grew its holdings in shares of Digital Realty Trust by 20.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust’s stock valued at $23,206,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Digital Realty Trust in the fourth quarter worth $21,224,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $178.48 on Thursday. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $184.61 and a 200-day moving average price of $180.41. The firm has a market capitalization of $62.72 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 4.88 and a beta of 1.03.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 8.04 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.7%. Digital Realty Trust’s dividend payout ratio is currently 128.76%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DLR shares. Raymond James Financial increased their price objective on shares of Digital Realty Trust from $210.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Friday, April 24th. Barclays boosted their target price on shares of Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. Morgan Stanley upped their target price on shares of Digital Realty Trust from $210.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Evercore increased their price target on shares of Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company boosted their price objective on Digital Realty Trust from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $216.17.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.