Lake Street Advisors Group LLC Raises Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Lake Street Advisors Group LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 148.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,934 shares of the real estate investment trust’s stock after purchasing an additional 2,353 shares during the period. Lake Street Advisors Group LLC’s holdings in Digital Realty Trust were worth $567,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC boosted its holdings in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in Digital Realty Trust during the first quarter valued at approximately $29,000. Bfsg LLC acquired a new stake in Digital Realty Trust during the fourth quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $32,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the subject of a number of recent analyst reports. Mizuho began coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Barclays increased their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday. HSBC increased their target price on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday, May 3rd. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Morgan Stanley upped their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $152.30.

Digital Realty Trust Stock Performance

DLR stock traded down $0.44 during mid-day trading on Thursday, hitting $151.22. The company had a trading volume of 658,059 shares, compared to its average volume of 1,892,265. The firm has a market cap of $47.25 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 11.30 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. The stock’s fifty day moving average price is $149.48 and its two-hundred day moving average price is $144.30.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.23%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

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.