Axxcess Wealth Management LLC Increases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Axxcess Wealth Management LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 93.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,431 shares of the real estate investment trust’s stock after purchasing an additional 1,177 shares during the period. Axxcess Wealth Management LLC’s holdings in Digital Realty Trust were worth $431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. OneDigital Investment Advisors LLC raised its position in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 59 shares during the period. Stolper Co lifted its stake in shares of Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after purchasing an additional 64 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after purchasing an additional 64 shares during the period. TD Private Client Wealth LLC increased its position in shares of Digital Realty Trust by 6.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock worth $176,000 after purchasing an additional 67 shares during the last quarter. Finally, Catalina Capital Group LLC raised its holdings in Digital Realty Trust by 3.1% in the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 72 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR opened at $150.76 on Friday. The stock has a market capitalization of $50.75 billion, a P/E ratio of 93.06, a P/E/G ratio of 4.38 and a beta of 0.65. 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, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The company’s fifty day moving average is $162.82 and its two-hundred day moving average is $169.77.

Digital Realty Trust (NYSE:DLR) last issued 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 return on equity of 2.97% and a net margin of 10.85%. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLR. Truist Financial dropped their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Company 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.