Brookstone Capital Management Acquires 2,951 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Brookstone Capital Management raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,011 shares of the real estate investment trust’s stock after buying an additional 2,951 shares during the quarter. Brookstone Capital Management’s holdings in Digital Realty Trust were worth $3,726,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its stake in shares of Digital Realty Trust by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Cumberland Partners Ltd raised its position in Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after acquiring an additional 31,430 shares in the last quarter. TCW Group Inc. grew its position in shares of Digital Realty Trust by 161.0% in the 3rd quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock valued at $8,204,000 after acquiring an additional 31,272 shares during the period. Sei Investments Co. increased its stake in shares of Digital Realty Trust by 11.2% during the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after purchasing an additional 147,689 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in Digital Realty Trust by 3,056.0% during the third quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock worth $684,000 after purchasing an additional 4,095 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial raised their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Jefferies Financial Group increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays boosted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Evercore ISI lifted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.74.

Digital Realty Trust Trading Up 1.2 %

NYSE DLR opened at $173.93 on Wednesday. The business has a 50 day moving average price of $183.21 and a 200-day moving average price of $166.36. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a market cap of $57.69 billion, a price-to-earnings ratio of 146.16, a P/E/G ratio of 4.91 and a beta of 0.64.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.62 EPS. Digital Realty Trust’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Digital Realty Trust Company 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.