Cerity Partners LLC Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Cerity Partners LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,748 shares of the real estate investment trust’s stock after buying an additional 2,009 shares during the period. Cerity Partners LLC’s holdings in Digital Realty Trust were worth $3,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Operose Advisors LLC purchased a new position in shares of Digital Realty Trust in the third quarter worth about $27,000. Carolinas Wealth Consulting LLC boosted its holdings in Digital Realty Trust by 156.1% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 167 shares during the period. Clear Street Markets LLC grew its stake in Digital Realty Trust by 28,900.0% in the 4th quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 289 shares in the last quarter. Baldwin Brothers LLC MA raised its holdings in Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $32,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

DLR opened at $135.75 on Thursday. The stock has a market capitalization of $42.39 billion, a P/E ratio of 45.71, a PEG ratio of 3.15 and a beta of 0.54. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18. The stock has a 50-day moving average price of $142.50 and a 200-day moving average price of $135.76.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is currently 164.31%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DLR. Truist Financial boosted their price objective on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Citigroup boosted their price objective on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Evercore ISI reissued an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a report on Wednesday, March 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $144.00 price target on shares of Digital Realty Trust in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $143.33.

Digital Realty Trust Company 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.