Asset Dedication LLC Acquires 126 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Asset Dedication LLC raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 50.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 377 shares of the real estate investment trust’s stock after acquiring an additional 126 shares during the quarter. Asset Dedication LLC’s holdings in Digital Realty Trust were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Digital Realty Trust by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after acquiring an additional 469,823 shares in the last quarter. Norges Bank purchased a new position in Digital Realty Trust in the fourth quarter worth $3,858,428,000. Geode Capital Management LLC grew its position in Digital Realty Trust by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock worth $1,508,612,000 after acquiring an additional 281,704 shares in the last quarter. Northern Trust Corp grew its position in Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock worth $900,934,000 after acquiring an additional 1,854,748 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust’s stock worth $854,661,000 after acquiring an additional 492,692 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLR. Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating for the company. Scotiabank lowered their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Oppenheimer began coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 price target for the company. Finally, Mizuho boosted their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $187.16.

Digital Realty Trust Price Performance

DLR stock opened at $170.86 on Tuesday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a market cap of $57.54 billion, a P/E ratio of 159.68, a PEG ratio of 2.56 and a beta of 0.95. The firm has a 50-day moving average of $171.81 and a 200 day moving average of $163.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. Digital Realty Trust’s revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust’s dividend payout ratio is 456.07%.

Insider Buying and Selling at Digital Realty Trust

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

Digital Realty Trust Profile

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.