Proficio Capital Partners LLC Purchases Shares of 216,703 Digital Realty Trust, Inc. (NYSE:DLR)

Proficio Capital Partners LLC purchased a new stake 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 firm purchased 216,703 shares of the real estate investment trust’s stock, valued at approximately $38,428,000. Proficio Capital Partners LLC owned approximately 0.07% of Digital Realty Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DLR. Hudson Valley Investment Advisors Inc. ADV raised its stake in Digital Realty Trust by 6.4% in the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,484 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 150 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Digital Realty Trust by 0.6% during the third quarter. Stephens Inc. AR now owns 40,139 shares of the real estate investment trust’s stock worth $6,496,000 after purchasing an additional 243 shares during the last quarter. Shepherd Financial Partners LLC grew its holdings in shares of Digital Realty Trust by 7.0% during the third quarter. Shepherd Financial Partners LLC now owns 7,675 shares of the real estate investment trust’s stock worth $1,242,000 after purchasing an additional 504 shares during the last quarter. Weatherly Asset Management L. P. grew its holdings in shares of Digital Realty Trust by 17.7% during the third quarter. Weatherly Asset Management L. P. now owns 41,737 shares of the real estate investment trust’s stock worth $6,754,000 after purchasing an additional 6,267 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Digital Realty Trust by 32.9% during the third quarter. Farther Finance Advisors LLC now owns 2,320 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 574 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

DLR stock opened at $156.38 on Friday. The firm has a 50 day moving average of $171.26 and a 200-day moving average of $169.75. 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 cap of $51.87 billion, a price-to-earnings ratio of 96.53, a PEG ratio of 4.38 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.12%. Digital Realty Trust’s payout ratio is 301.23%.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of several research reports. Stifel Nicolaus raised their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays raised their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company lowered their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $181.00.

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.