Future Financial Wealth Managment LLC Makes New $34,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Future Financial Wealth Managment LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 1st quarter, HoldingsChannel reports. The firm purchased 235 shares of the real estate investment trust’s stock, valued at approximately $34,000.

A number of other hedge funds also recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in Digital Realty Trust by 1.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after acquiring an additional 9,158 shares during the period. Clearbridge Investments LLC boosted its stake in Digital Realty Trust by 17.7% during the 4th quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock worth $31,716,000 after purchasing an additional 35,456 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Digital Realty Trust by 2.7% during the fourth 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 buying an additional 85,262 shares in the last quarter. Lyell Wealth Management LP raised its position in shares of Digital Realty Trust by 12.0% in the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock valued at $6,507,000 after buying an additional 5,197 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Digital Realty Trust by 2.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock worth $18,558,000 after buying an additional 2,840 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DLR. Evercore ISI reiterated an “outperform” rating and issued a $154.00 price objective on shares of Digital Realty Trust in a report on Wednesday, March 27th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $144.00 to $170.00 in a research note on Wednesday. UBS Group upped their target price on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley lifted their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $146.06.

Digital Realty Trust Stock Up 1.3 %

Shares of NYSE DLR opened at $148.79 on Friday. The business’s fifty day simple moving average is $144.12 and its 200-day simple moving average is $141.46. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 12-month low of $108.14 and a 12-month high of $154.18. The stock has a market cap of $46.49 billion, a P/E ratio of 41.18, a PEG ratio of 19.17 and a beta of 0.57.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.28%. Digital Realty Trust’s payout ratio is 135.56%.

About Digital Realty Trust

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.