3,104 Digital Realty Trust, Inc. $DLR Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 52,473 shares of the real estate investment trust’s stock after acquiring an additional 3,104 shares during the quarter. New York Life Investment Management LLC’s holdings in Digital Realty Trust were worth $9,211,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Provenance Wealth Advisors LLC raised its stake in shares of Digital Realty Trust by 3,600.0% in the third quarter. Provenance Wealth Advisors LLC now owns 148 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 144 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Digital Realty Trust during the second quarter worth about $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Digital Realty Trust during the second quarter worth about $31,000. First Community Trust NA purchased a new stake in Digital Realty Trust in the third quarter valued at approximately $31,000. Finally, Ashurst Perkins Coie Trust Co purchased a new stake in Digital Realty Trust in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $183.66 on Friday. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. The stock has a market cap of $69.48 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.55 and a beta of 0.97. The business has a 50-day simple moving average of $179.87 and a 200-day simple moving average of $183.77.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.75 billion. Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The firm’s revenue was up 20.6% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. On average, equities analysts expect that Digital Realty Trust, Inc. will post 8.40 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, December 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, December 15th. Digital Realty Trust’s dividend payout ratio is currently 204.18%.

Insider Buying and Selling

In related news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DLR shares. Citigroup increased their price target on shares of Digital Realty Trust from $226.00 to $234.00 and gave the stock a “buy” rating in a report on Friday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Argus raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, BTIG Research increased their price objective on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $221.53.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.