Proficio Capital Partners LLC Purchases New Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Proficio Capital Partners LLC purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,222 shares of the real estate investment trust’s stock, valued at approximately $217,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after purchasing an additional 3,607,802 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Digital Realty Trust during the third quarter valued at $132,980,000. National Pension Service grew its holdings in Digital Realty Trust by 88.8% during the fourth quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock worth $139,812,000 after acquiring an additional 370,835 shares during the period. Duff & Phelps Investment Management Co. raised its position in Digital Realty Trust by 16.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,285,883 shares of the real estate investment trust’s stock valued at $208,094,000 after acquiring an additional 181,868 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Digital Realty Trust by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock valued at $644,196,000 after acquiring an additional 122,090 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

DLR stock opened at $144.95 on Friday. The business’s fifty day moving average price is $160.83 and its 200 day moving average price is $169.80. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $48.80 billion, a PE ratio of 89.48, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. JMP Securities reissued 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. Finally, Truist Financial reduced their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $179.95.

About Digital Realty Trust

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.