Perpetual Ltd Sells 3,330 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Perpetual Ltd cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 21.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,990 shares of the real estate investment trust’s stock after selling 3,330 shares during the quarter. Perpetual Ltd’s holdings in Digital Realty Trust were worth $1,940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladstone Capital Management LLP raised its stake in Digital Realty Trust by 9.3% in the fourth quarter. Gladstone Capital Management LLP now owns 769,977 shares of the real estate investment trust’s stock valued at $103,624,000 after purchasing an additional 65,546 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Digital Realty Trust by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock worth $79,074,000 after purchasing an additional 9,158 shares during the last quarter. Security National Bank of SO Dak boosted its holdings in shares of Digital Realty Trust by 1.9% in the 4th quarter. Security National Bank of SO Dak now owns 16,031 shares of the real estate investment trust’s stock valued at $2,157,000 after purchasing an additional 296 shares in the last quarter. Bluefin Capital Management LLC bought a new position in shares of Digital Realty Trust in the 4th quarter valued at $436,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Digital Realty Trust by 32.0% during the 4th quarter. V Square Quantitative Management LLC now owns 5,385 shares of the real estate investment trust’s stock worth $725,000 after buying an additional 1,306 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

DLR stock opened at $158.85 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 5.14 and a beta of 0.60. The company’s fifty day simple moving average is $154.02 and its 200 day simple moving average is $148.76. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $165.17.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. On average, analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DLR. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays upped their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Truist Financial boosted their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $156.89.

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.