Digital Realty Trust, Inc. (NYSE:DLR) Stake Raised by Capital Investment Advisors LLC

Capital Investment Advisors LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 26.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,599 shares of the real estate investment trust’s stock after acquiring an additional 11,405 shares during the quarter. Capital Investment Advisors LLC’s holdings in Digital Realty Trust were worth $9,682,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after buying an additional 23,028 shares in the last quarter. Cumberland Partners Ltd increased its stake in Digital Realty Trust by 207.3% in the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after purchasing an additional 31,430 shares in the last quarter. TCW Group Inc. raised its holdings in Digital Realty Trust by 161.0% during the 3rd quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock worth $8,204,000 after buying an additional 31,272 shares during the period. Sei Investments Co. increased its position in shares of Digital Realty Trust by 11.2% in the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after acquiring an additional 147,689 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in shares of Digital Realty Trust by 3,056.0% during the third quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock valued at $684,000 after buying an additional 4,095 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Royal Bank of Canada increased their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Scotiabank boosted their price target on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, Raymond James raised their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $174.74.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded down $2.83 during midday trading on Monday, reaching $170.51. 396,823 shares of the company’s stock were exchanged, compared to its average volume of 1,718,485. The firm has a market capitalization of $56.56 billion, a PE ratio of 143.29, a price-to-earnings-growth ratio of 4.91 and a beta of 0.62. The company’s 50 day simple moving average is $183.46 and its two-hundred day simple moving average is $166.04. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.86%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is owned by company insiders.

Digital Realty Trust 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.