Cyndeo Wealth Partners LLC Buys 760 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Cyndeo Wealth Partners LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,199 shares of the real estate investment trust’s stock after purchasing an additional 760 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Digital Realty Trust were worth $8,370,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Adirondack Trust Co. boosted its stake in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Digital Realty Trust in the third quarter worth $38,000. Finally, First Financial Corp IN bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $42,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Truist Financial upped their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Jefferies Financial Group boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI lifted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.89.

Digital Realty Trust Trading Down 1.6 %

Digital Realty Trust stock opened at $180.56 on Friday. The stock has a market cap of $59.89 billion, a PE ratio of 151.73, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50-day moving average of $183.37 and a two-hundred day moving average of $167.71. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.62 earnings per share. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.