Global Wealth Management Investment Advisory Inc. Has $5.26 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,481 shares of the real estate investment trust’s stock after acquiring an additional 822 shares during the period. Digital Realty Trust makes up approximately 1.1% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its 24th largest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Digital Realty Trust were worth $5,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLR. Janney Montgomery Scott LLC lifted its holdings in shares of Digital Realty Trust by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 29,871 shares of the real estate investment trust’s stock valued at $4,303,000 after purchasing an additional 1,113 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Digital Realty Trust in the first quarter valued at about $91,000. Nordea Investment Management AB increased its position in shares of Digital Realty Trust by 4.0% in the first quarter. Nordea Investment Management AB now owns 21,308 shares of the real estate investment trust’s stock valued at $3,078,000 after acquiring an additional 822 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Digital Realty Trust by 5.1% in the first quarter. Mutual of America Capital Management LLC now owns 42,579 shares of the real estate investment trust’s stock valued at $6,133,000 after acquiring an additional 2,077 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Digital Realty Trust by 86.3% in the first quarter. Jennison Associates LLC now owns 336,578 shares of the real estate investment trust’s stock valued at $48,481,000 after acquiring an additional 155,926 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DLR shares. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Truist Financial upped their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. upped 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. Stifel Nicolaus restated a “buy” rating and set a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their target price on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $167.68.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock traded up $0.47 during mid-day trading on Tuesday, hitting $177.79. 21,882 shares of the stock were exchanged, compared to its average volume of 1,826,297. Digital Realty Trust, Inc. has a 12 month low of $126.22 and a 12 month high of $193.88. The company has a 50-day simple moving average of $161.28 and a 200 day simple moving average of $152.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.61. The company has a market capitalization of $58.21 billion, a P/E ratio of 149.17, a P/E/G ratio of 5.66 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. Digital Realty Trust’s dividend payout ratio is 410.08%.

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.