Sound Income Strategies LLC Has $63,000 Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Sound Income Strategies LLC raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 25.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 355 shares of the real estate investment trust’s stock after acquiring an additional 73 shares during the quarter. Sound Income Strategies LLC’s holdings in Digital Realty Trust were worth $63,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after buying an additional 23,028 shares during the period. Cumberland Partners Ltd boosted its stake in Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after purchasing an additional 31,430 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after buying an additional 11,405 shares during the last quarter. TCW Group Inc. grew its stake in shares of Digital Realty Trust by 161.0% in the 3rd quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock worth $8,204,000 after acquiring an additional 31,272 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its stake in Digital Realty Trust by 3,056.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock valued at $684,000 after buying an additional 4,095 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DLR shares. Truist Financial lifted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Evercore ISI boosted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $178.89.

Digital Realty Trust Stock Down 1.6 %

DLR stock opened at $180.56 on Friday. The company has a market capitalization of $59.89 billion, a price-to-earnings ratio of 151.73, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. The business’s 50 day moving average price is $183.37 and its two-hundred day moving average price is $167.71. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

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 business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 EPS. As a group, analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Company 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.