Paragon Private Wealth Management LLC Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Paragon Private Wealth Management LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,250 shares of the real estate investment trust’s stock after buying an additional 553 shares during the period. Paragon Private Wealth Management LLC’s holdings in Digital Realty Trust were worth $1,640,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in shares of Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock valued at $2,400,000 after buying an additional 527 shares during the period. AEGON ASSET MANAGEMENT UK Plc raised its holdings in Digital Realty Trust by 17.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after purchasing an additional 9,959 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Digital Realty Trust by 26.4% in the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after purchasing an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. raised 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 worth $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Finally, Cumberland Partners Ltd raised its holdings in Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after purchasing an additional 31,430 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Up 0.5 %

Shares of DLR opened at $149.13 on Monday. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The company has a market capitalization of $50.20 billion, a PE ratio of 92.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The stock has a fifty day simple moving average of $168.64 and a two-hundred day simple moving average of $170.15. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

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

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analyst Weigh In

A number of brokerages have commented on DLR. 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 report on Friday, February 14th. Wells Fargo & Company reduced their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

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.