Tyche Wealth Partners LLC Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Tyche Wealth Partners LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,691 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baldwin Brothers LLC MA grew its position in shares of 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 worth $30,000 after acquiring an additional 185 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of Digital Realty Trust during the third quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $32,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $32,000. Finally, ZRC Wealth Management LLC purchased a new position in Digital Realty Trust in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective on the stock. in a research report on Friday, February 16th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Citigroup lifted their price objective on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. Finally, StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $143.33.

Digital Realty Trust Trading Up 0.7 %

NYSE:DLR opened at $136.66 on Friday. The company has a market capitalization of $42.68 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 3.08 and a beta of 0.54. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The stock has a fifty day simple moving average of $142.29 and a 200-day simple moving average of $135.77.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 164.31%.

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.