Wedbush Securities Inc. Buys 1,256 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Wedbush Securities Inc. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 69.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,064 shares of the real estate investment trust’s stock after buying an additional 1,256 shares during the quarter. Wedbush Securities Inc.’s holdings in Digital Realty Trust were worth $543,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in Digital Realty Trust by 10.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 434,333 shares of the real estate investment trust’s stock worth $77,020,000 after acquiring an additional 42,696 shares during the period. KCM Investment Advisors LLC raised its position in shares of Digital Realty Trust by 11.9% during the 4th quarter. KCM Investment Advisors LLC now owns 3,796 shares of the real estate investment trust’s stock valued at $673,000 after purchasing an additional 405 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $31,671,000. Smith Moore & CO. purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at $208,000. Finally, Prudential PLC boosted its holdings in Digital Realty Trust by 14.0% in the 4th quarter. Prudential PLC now owns 56,156 shares of the real estate investment trust’s stock worth $9,958,000 after buying an additional 6,910 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.9 %

DLR stock opened at $135.51 on Wednesday. The firm’s fifty day simple moving average is $154.64 and its two-hundred day simple moving average is $168.80. The stock has a market capitalization of $45.62 billion, a price-to-earnings ratio of 83.65, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

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

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.60%. Digital Realty Trust’s payout ratio is 301.23%.

Analyst Upgrades and Downgrades

DLR has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JMP Securities restated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $184.33.

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.