Crowley Wealth Management Inc. Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Crowley Wealth Management Inc. bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 300 shares of the real estate investment trust’s stock, valued at approximately $53,000.

Other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth about $35,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc lifted its stake in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth about $37,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Truist Financial lowered their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. 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 research note on Friday, February 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their target price 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 analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Stock Performance

DLR opened at $150.76 on Monday. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $50.75 billion, a PE ratio of 93.06, a P/E/G ratio of 4.38 and a beta of 0.65. The firm has a 50 day moving average of $162.82 and a two-hundred day moving average of $170.06.

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, 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%. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.24%. Digital Realty Trust’s payout ratio is 301.23%.

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.