River Wealth Advisors LLC Boosts Stock Position in Digital Realty Trust, Inc. $DLR

River Wealth Advisors LLC increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 61.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,148 shares of the real estate investment trust’s stock after acquiring an additional 5,002 shares during the quarter. River Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $2,292,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DLR. Bison Wealth LLC boosted its holdings in Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 390 shares during the period. Federated Hermes Inc. boosted its stake in shares of Digital Realty Trust by 16.5% in the first quarter. Federated Hermes Inc. now owns 4,008 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 569 shares during the period. Harbour Investments Inc. grew its position in shares of Digital Realty Trust by 12.9% during the first quarter. Harbour Investments Inc. now owns 2,495 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 285 shares in the last quarter. Commerce Bank raised its stake in Digital Realty Trust by 3.5% during the 1st quarter. Commerce Bank now owns 7,310 shares of the real estate investment trust’s stock valued at $1,047,000 after purchasing an additional 245 shares during the period. Finally, TIAA Trust National Association lifted its holdings in Digital Realty Trust by 6.7% in the 1st quarter. TIAA Trust National Association now owns 1,771 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.2%

Shares of NYSE DLR opened at $156.67 on Wednesday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $194.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The business’s 50 day moving average is $168.22 and its two-hundred day moving average is $170.51. The stock has a market capitalization of $53.81 billion, a P/E ratio of 40.48, a PEG ratio of 4.04 and a beta of 1.11.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The company had revenue of $1.58 billion for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. As a group, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Moffett Nathanson boosted their target price on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Cowen restated a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. Morgan Stanley started coverage on Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective on the stock. Finally, Loop Capital set a $205.00 target price on Digital Realty Trust in a research report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $198.14.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 62,166 shares of company stock valued at $10,814,808. Corporate insiders own 0.17% of the company’s stock.

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.