First Commonwealth Financial Corp PA Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

First Commonwealth Financial Corp PA raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,426 shares of the real estate investment trust’s stock after acquiring an additional 152 shares during the period. First Commonwealth Financial Corp PA’s holdings in Digital Realty Trust were worth $608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth $657,000. Synovus Financial Corp increased its holdings in Digital Realty Trust by 6.9% in the third quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust’s stock valued at $1,057,000 after buying an additional 421 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Digital Realty Trust by 2.6% during the 3rd quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust’s stock valued at $41,090,000 after acquiring an additional 6,360 shares during the period. FFG Partners LLC purchased a new stake in shares of Digital Realty Trust during the 3rd quarter worth approximately $10,446,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in Digital Realty Trust by 13.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust’s stock valued at $559,000 after purchasing an additional 424 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research analyst reports. Truist Financial decreased their target price on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. JMP Securities reissued a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $183.79.

Digital Realty Trust Trading Up 1.8 %

DLR stock opened at $150.83 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $50.79 billion, a price-to-earnings ratio of 93.10, a PEG ratio of 4.38 and a beta of 0.92. The business has a fifty day simple moving average of $151.60 and a 200-day simple moving average of $167.86. 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 announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

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.