Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Hanover Advisors Inc.

Hanover Advisors Inc. increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 41.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,396 shares of the real estate investment trust’s stock after purchasing an additional 698 shares during the quarter. Hanover Advisors Inc.’s holdings in Digital Realty Trust were worth $425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in Digital Realty Trust by 6.4% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,484 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 150 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Digital Realty Trust by 0.6% in the third quarter. Stephens Inc. AR now owns 40,139 shares of the real estate investment trust’s stock valued at $6,496,000 after purchasing an additional 243 shares in the last quarter. Shepherd Financial Partners LLC lifted its holdings in shares of Digital Realty Trust by 7.0% in the third quarter. Shepherd Financial Partners LLC now owns 7,675 shares of the real estate investment trust’s stock valued at $1,242,000 after purchasing an additional 504 shares in the last quarter. Weatherly Asset Management L. P. lifted its holdings in shares of Digital Realty Trust by 17.7% in the third quarter. Weatherly Asset Management L. P. now owns 41,737 shares of the real estate investment trust’s stock valued at $6,754,000 after purchasing an additional 6,267 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Digital Realty Trust by 32.9% in the third quarter. Farther Finance Advisors LLC now owns 2,320 shares of the real estate investment trust’s stock valued at $375,000 after purchasing an additional 574 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Barclays upped their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. JMP Securities reissued 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. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Two equities research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Digital Realty Trust Stock Performance

Shares of DLR opened at $156.38 on Friday. The firm’s 50 day moving average is $171.26 and its 200-day moving average is $169.75. The stock has a market capitalization of $52.64 billion, a P/E ratio of 96.53, 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, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (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%. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

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.