V Square Quantitative Management LLC Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

V Square Quantitative Management LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 17.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,649 shares of the real estate investment trust’s stock after purchasing an additional 824 shares during the period. V Square Quantitative Management LLC’s holdings in Digital Realty Trust were worth $914,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bleakley Financial Group LLC boosted its position in Digital Realty Trust by 2.4% during the third quarter. Bleakley Financial Group LLC now owns 4,272 shares of the real estate investment trust’s stock valued at $691,000 after buying an additional 99 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Digital Realty Trust by 2.6% in the 3rd quarter. Global Retirement Partners LLC now owns 9,946 shares of the real estate investment trust’s stock valued at $1,610,000 after acquiring an additional 252 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Digital Realty Trust during the 3rd quarter valued at about $202,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Digital Realty Trust during the 3rd quarter worth approximately $1,795,000. Finally, Sumitomo Life Insurance Co. increased its stake in Digital Realty Trust by 3.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,815 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 199 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $165.35 on Friday. The business has a 50-day simple moving average of $155.83 and a two-hundred day simple moving average of $149.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market cap of $51.66 billion, a price-to-earnings ratio of 45.93, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $165.65.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s 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 the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DLR. Mizuho initiated coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price on the stock. Barclays increased their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Truist Financial increased their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, TD Cowen decreased their target price on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $157.17.

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.