Wedmont Private Capital Buys Shares of 2,126 Digital Realty Trust, Inc. (NYSE:DLR)

Wedmont Private Capital bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,126 shares of the real estate investment trust’s stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Digital Realty Trust by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 47,552,026 shares of the real estate investment trust’s stock valued at $6,399,552,000 after purchasing an additional 161,178 shares in the last quarter. Norges Bank bought a new stake in Digital Realty Trust during the 4th quarter valued at $2,141,890,000. Principal Financial Group Inc. raised its position in Digital Realty Trust by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock valued at $784,495,000 after purchasing an additional 97,509 shares in the last quarter. Morgan Stanley raised its position in Digital Realty Trust by 6.8% during the 3rd quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock valued at $535,658,000 after purchasing an additional 282,825 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Digital Realty Trust by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after acquiring an additional 85,262 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Up 0.3 %

Digital Realty Trust stock opened at $148.35 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The business’s 50-day simple moving average is $143.53 and its two-hundred day simple moving average is $141.21. The company has a market cap of $46.35 billion, a PE ratio of 41.21, a PEG ratio of 19.47 and a beta of 0.57. Digital Realty Trust, Inc. has a fifty-two week low of $103.15 and a fifty-two week high of $154.18.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.29%. Digital Realty Trust’s payout ratio is presently 135.56%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DLR. UBS Group boosted their price target on Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada boosted their price target on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Truist Financial boosted their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley boosted their price target on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $144.65.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.