U.S. Capital Wealth Advisors LLC increased its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 86.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,596 shares of the real estate investment trust’s stock after purchasing an additional 7,711 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $2,869,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Digital Realty Trust in the second quarter valued at $3,808,270,000. Canada Pension Plan Investment Board lifted its stake in Digital Realty Trust by 63.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after acquiring an additional 2,760,286 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Digital Realty Trust by 37.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock worth $431,256,000 after acquiring an additional 816,334 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in Digital Realty Trust by 399.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 966,936 shares of the real estate investment trust’s stock worth $138,552,000 after acquiring an additional 773,393 shares during the period. Finally, Amundi grew its stake in Digital Realty Trust by 49.4% during the 1st quarter. Amundi now owns 2,168,991 shares of the real estate investment trust’s stock valued at $306,023,000 after acquiring an additional 717,551 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Digital Realty Trust in a report on Monday, December 15th. Barclays increased their target price on shares of Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research report on Monday, October 27th. The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a report on Thursday. They set a “buy” rating and a $188.00 price target on the stock. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a report on Friday, October 24th. Finally, Moffett Nathanson lifted their price objective on Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.55.
Insider Buying and Selling
In other news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.
Digital Realty Trust Trading Up 1.5%
Shares of NYSE:DLR opened at $150.11 on Friday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $51.56 billion, a PE ratio of 38.79, a P/E/G ratio of 3.87 and a beta of 1.11. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $187.74. The firm has a fifty day moving average price of $163.90 and a 200 day moving average price of $169.25.
Digital Realty Trust (NYSE:DLR – Get Free Report) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The company had revenue of $1.58 billion for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. Analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.3%. Digital Realty Trust’s dividend payout ratio is presently 126.10%.
Digital Realty Trust Profile
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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