Intrua Financial LLC Invests $556,000 in Digital Realty Trust, Inc. $DLR

Intrua Financial LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, Holdings Channel.com reports. The firm bought 3,191 shares of the real estate investment trust’s stock, valued at approximately $556,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new position in shares of Digital Realty Trust in the 1st quarter worth about $26,000. Tobam purchased a new stake in Digital Realty Trust in the second quarter worth approximately $28,000. WPG Advisers LLC bought a new position in Digital Realty Trust during the first quarter valued at approximately $30,000. 1 North Wealth Services LLC purchased a new position in shares of Digital Realty Trust during the first quarter worth approximately $31,000. Finally, AdvisorShares Investments LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $32,000. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DLR. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective on the stock in a research note on Monday, October 20th. TD Cowen lifted their price objective on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Barclays increased their target price on Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Finally, Citigroup lifted their price target on Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.14.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

DLR opened at $158.30 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. The stock has a market capitalization of $54.38 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The stock’s 50 day moving average price is $171.44 and its 200-day moving average price is $171.04. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The business had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

About Digital Realty Trust

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.