Oak Thistle LLC Acquires New Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Oak Thistle LLC acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,743 shares of the real estate investment trust’s stock, valued at approximately $664,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Federated Hermes Inc. lifted its stake in shares of Digital Realty Trust by 49.9% during the second quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust’s stock worth $1,054,000 after buying an additional 2,307 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Digital Realty Trust by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 391,051 shares of the real estate investment trust’s stock worth $59,459,000 after buying an additional 2,479 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Digital Realty Trust by 543.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after purchasing an additional 1,773,591 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Digital Realty Trust during the second quarter valued at $9,105,000. Finally, Mutual of America Capital Management LLC grew its position in shares of Digital Realty Trust by 2.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 43,796 shares of the real estate investment trust’s stock valued at $6,659,000 after acquiring an additional 1,217 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.5 %

Shares of NYSE DLR opened at $174.78 on Thursday. The business has a 50-day moving average of $183.21 and a two-hundred day moving average of $166.36. The company has a market capitalization of $57.98 billion, a price-to-earnings ratio of 146.87, a price-to-earnings-growth ratio of 4.91 and a beta of 0.64. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share. On average, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Stifel Nicolaus upped their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Raymond James raised their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Finally, UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $177.32.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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.