Flynn Zito Capital Management LLC Invests $399,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Flynn Zito Capital Management LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,249 shares of the real estate investment trust’s stock, valued at approximately $399,000.

A number of other institutional investors also recently modified their holdings of the stock. Sierra Ocean LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc increased its position 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 buying an additional 173 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $37,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust in the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

DLR opened at $159.16 on Thursday. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The firm has a 50-day moving average of $172.10 and a 200 day moving average of $169.78. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a market cap of $52.80 billion, a P/E ratio of 98.25, a PEG ratio of 4.38 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s payout ratio is presently 301.23%.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts have recently commented on DLR shares. Truist Financial boosted their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $179.95.

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.