Brookstone Capital Management Has $16.44 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Brookstone Capital Management increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,443 shares of the real estate investment trust’s stock after acquiring an additional 1,915 shares during the quarter. Brookstone Capital Management’s holdings in Digital Realty Trust were worth $16,438,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DLR. BlackRock Inc. boosted its holdings in Digital Realty Trust by 0.7% during the first quarter. BlackRock Inc. now owns 27,569,868 shares of the real estate investment trust’s stock worth $2,710,394,000 after buying an additional 185,845 shares during the last quarter. State Street Corp increased its position in shares of Digital Realty Trust by 0.5% in the 1st quarter. State Street Corp now owns 20,131,762 shares of the real estate investment trust’s stock valued at $1,979,148,000 after buying an additional 96,038 shares in the last quarter. APG Asset Management US Inc. raised its stake in Digital Realty Trust by 0.3% during the 1st quarter. APG Asset Management US Inc. now owns 10,020,960 shares of the real estate investment trust’s stock worth $985,161,000 after buying an additional 26,148 shares during the period. Principal Financial Group Inc. lifted its holdings in Digital Realty Trust by 2.5% during the first quarter. Principal Financial Group Inc. now owns 7,170,504 shares of the real estate investment trust’s stock worth $704,925,000 after acquiring an additional 176,565 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Digital Realty Trust by 13.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,100,440 shares of the real estate investment trust’s stock valued at $599,734,000 after acquiring an additional 715,291 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Digital Realty Trust

In related news, insider Cindy Fiedelman sold 2,770 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $125.00, for a total value of $346,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR traded up $0.27 during trading on Friday, reaching $128.75. 5,884,275 shares of the company’s stock were exchanged, compared to its average volume of 2,575,370. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50 day moving average price of $123.60 and a 200-day moving average price of $108.28. The stock has a market capitalization of $38.97 billion, a P/E ratio of 99.81, a PEG ratio of 2.95 and a beta of 0.54. Digital Realty Trust, Inc. has a fifty-two week low of $85.76 and a fifty-two week high of $133.39.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.79%. Digital Realty Trust’s dividend payout ratio (DPR) is 378.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BNP Paribas upgraded Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $138.00 price objective on the stock in a report on Friday, July 28th. Truist Financial reduced their target price on shares of Digital Realty Trust from $175.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 25th. Barclays boosted their price target on Digital Realty Trust from $80.00 to $94.00 and gave the company an “underweight” rating in a report on Wednesday, August 2nd. Raymond James decreased their price objective on Digital Realty Trust from $155.00 to $140.00 in a report on Friday, July 28th. Finally, 22nd Century Group reaffirmed a “reiterates” rating on shares of Digital Realty Trust in a research report on Tuesday, May 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $120.93.

About Digital Realty Trust

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.