Ibex Wealth Advisors Acquires New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

Ibex Wealth Advisors bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 37,948 shares of the real estate investment trust’s stock, valued at approximately $6,729,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Adirondack Trust Co. raised its stake in shares of 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 in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth $35,000. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Digital Realty Trust during the third quarter worth about $38,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JMP Securities assumed coverage on shares of Digital Realty Trust in a research report on Monday. They set an “outperform” rating and a $220.00 price objective for the company. TD Cowen upped their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Insider Transactions at Digital Realty Trust

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

Digital Realty Trust Stock Up 0.4 %

Shares of Digital Realty Trust stock traded up $0.58 during midday trading on Wednesday, hitting $162.72. The company’s stock had a trading volume of 231,964 shares, compared to its average volume of 2,322,649. 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 firm has a market capitalization of $53.98 billion, a P/E ratio of 137.58, a PEG ratio of 4.64 and a beta of 0.64. The stock has a 50-day simple moving average of $182.49 and a 200-day simple moving average of $167.98. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Digital Realty Trust 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.