Smithfield Trust Co Has $61,000 Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Smithfield Trust Co lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 600.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 350 shares of the real estate investment trust’s stock after purchasing an additional 300 shares during the quarter. Smithfield Trust Co’s holdings in Digital Realty Trust were worth $61,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Keybank National Association OH increased its stake in shares of Digital Realty Trust by 9.1% during the 4th quarter. Keybank National Association OH now owns 22,251 shares of the real estate investment trust’s stock worth $3,946,000 after purchasing an additional 1,856 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $339,000. Synergy Investment Management LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $142,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Digital Realty Trust by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock worth $644,196,000 after buying an additional 122,090 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in shares of Digital Realty Trust by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 84,581 shares of the real estate investment trust’s stock worth $14,999,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DLR. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Barclays upped their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

Digital Realty Trust Price Performance

NYSE:DLR opened at $157.48 on Thursday. The company has a 50-day moving average of $169.84 and a 200-day moving average of $170.01. The company has a market capitalization of $53.01 billion, a price-to-earnings ratio of 97.21, a PEG ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. 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 announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share 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. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.