Nuveen LLC Purchases Shares of 2,389,485 Digital Realty Trust, Inc. (NYSE:DLR)

Nuveen LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,389,485 shares of the real estate investment trust’s stock, valued at approximately $342,389,000. Nuveen LLC owned approximately 0.71% of Digital Realty Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLR. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust in the 1st quarter valued at approximately $26,000. Key Financial Inc increased its position in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 138 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at $38,000. Grove Bank & Trust increased its position in shares of Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 230 shares during the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in Digital Realty Trust during the first quarter valued at about $49,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DLR. New Street Research raised Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Barclays boosted their price objective on Digital Realty Trust from $139.00 to $140.00 and gave the company an “underweight” rating in a research report on Thursday, July 24th. Mizuho upped their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, June 17th. Bank of America began coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Guggenheim began coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $190.68.

Digital Realty Trust Price Performance

NYSE:DLR opened at $170.00 on Monday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $57.98 billion, a PE ratio of 44.62, a P/E/G ratio of 4.89 and a beta of 0.92. The stock has a 50 day moving average price of $174.38 and a 200 day moving average price of $163.48.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $1.65 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust’s payout ratio is 128.08%.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.