Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 36.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,448 shares of the real estate investment trust’s stock after buying an additional 648 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Digital Realty Trust were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC lifted its position in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the period. GoalVest Advisory LLC bought a new position in Digital Realty Trust during the first quarter valued at about $29,000. Baldwin Brothers LLC MA boosted its stake in Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. Bfsg LLC bought a new stake in Digital Realty Trust in the fourth quarter worth about $31,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $32,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DLR has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $150.00 to $175.00 in a research note on Friday, June 28th. UBS Group upped their price target on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Truist Financial raised their price objective on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. The Goldman Sachs Group began coverage on Digital Realty Trust in a research report on Monday. They set a “buy” rating and a $175.00 target price on the stock. Finally, Royal Bank of Canada increased their price target on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $149.42.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $151.76 on Thursday. The firm has a market cap of $47.41 billion, a P/E ratio of 42.56, a PEG ratio of 19.91 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. Digital Realty Trust, Inc. has a fifty-two week low of $112.38 and a fifty-two week high of $154.18. The stock’s 50-day moving average is $145.28 and its two-hundred day moving average is $142.00.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s payout ratio is presently 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.