First Affirmative Financial Network Raises Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

First Affirmative Financial Network boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,715 shares of the real estate investment trust’s stock after purchasing an additional 167 shares during the period. First Affirmative Financial Network’s holdings in Digital Realty Trust were worth $304,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DLR. Adirondack Trust Co. grew its position in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc lifted its stake in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Digital Realty Trust during the 3rd quarter valued at approximately $38,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $164.28 on Friday. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. The firm has a market capitalization of $54.49 billion, a price-to-earnings ratio of 138.05, a PEG ratio of 4.64 and a beta of 0.64. The company has a fifty day simple moving average of $182.02 and a 200-day simple moving average of $167.93. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DLR. JMP Securities began coverage on shares of Digital Realty Trust in a research note on Monday. They set an “outperform” rating and a $220.00 price objective for the company. Raymond James lifted their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada boosted their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Company Profile

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.