Vert Asset Management LLC Has $20.60 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Vert Asset Management LLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,278 shares of the real estate investment trust’s stock after purchasing an additional 3,609 shares during the quarter. Digital Realty Trust makes up approximately 7.1% of Vert Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Vert Asset Management LLC’s holdings in Digital Realty Trust were worth $20,597,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Bessemer Group Inc. raised its stake in shares of Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after buying an additional 9,865 shares during the period. Cetera Investment Advisers increased its holdings in Digital Realty Trust by 295.5% in the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after acquiring an additional 23,659 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Digital Realty Trust by 652.4% in the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock worth $4,454,000 after acquiring an additional 25,399 shares in the last quarter. Choreo LLC raised its stake in Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after acquiring an additional 4,081 shares during the period. Finally, Contravisory Investment Management Inc. lifted its holdings in Digital Realty Trust by 1,228.5% during the first quarter. Contravisory Investment Management Inc. now owns 56,196 shares of the real estate investment trust’s stock valued at $8,094,000 after purchasing an additional 51,966 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 1.0 %

DLR opened at $165.35 on Friday. The stock has a 50-day moving average of $155.83 and a 200 day moving average of $149.69. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $165.65. The firm has a market cap of $51.66 billion, a P/E ratio of 45.93, a P/E/G ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the firm posted $1.68 EPS. Digital Realty Trust’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Stifel Nicolaus raised their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. The Goldman Sachs Group began coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price objective for the company. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Finally, Truist Financial upped their price target on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Two equities research 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.