Naviter Wealth LLC Acquires 2,574 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Naviter Wealth LLC raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,598 shares of the real estate investment trust’s stock after buying an additional 2,574 shares during the period. Naviter Wealth LLC’s holdings in Digital Realty Trust were worth $2,525,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Resolution Capital Ltd boosted its position in shares of Digital Realty Trust by 106.7% in the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock worth $284,532,000 after purchasing an additional 1,213,526 shares during the period. Vanguard Group Inc. increased its stake in Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after buying an additional 971,032 shares in the last quarter. FMR LLC raised its holdings in Digital Realty Trust by 4.8% during the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock valued at $1,046,522,000 after acquiring an additional 394,682 shares during the period. Wellington Management Group LLP lifted its position in shares of Digital Realty Trust by 1,825.0% in the third quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock valued at $48,623,000 after acquiring an additional 380,904 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the third quarter worth about $34,561,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded up $0.12 during midday trading on Monday, reaching $142.95. The company’s stock had a trading volume of 744,426 shares, compared to its average volume of 1,940,966. The stock has a fifty day moving average of $141.81 and a 200 day moving average of $136.88. The firm has a market capitalization of $44.64 billion, a PE ratio of 48.13, a P/E/G ratio of 3.25 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 twelve month low of $86.33 and a twelve month high of $154.18.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 16th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Stifel Nicolaus raised their price objective on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Raymond James boosted their price target on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Finally, Evercore ISI reiterated an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.33.

Digital Realty Trust 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.