Empowered Funds LLC Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Empowered Funds LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,937 shares of the real estate investment trust’s stock after purchasing an additional 417 shares during the quarter. Empowered Funds LLC’s holdings in Digital Realty Trust were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC lifted its position in shares of Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after acquiring an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 during the period. Wulff Hansen & CO. grew its holdings in Digital Realty Trust by 15,105.0% during the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock valued at $121,006,000 after buying an additional 790,596 shares in the last quarter. Electron Capital Partners LLC raised its position in shares of Digital Realty Trust by 220.7% during the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after buying an additional 716,816 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Digital Realty Trust by 16.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after buying an additional 678,165 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $189.84 on Friday. The company has a market capitalization of $62.97 billion, a PE ratio of 159.53, a P/E/G ratio of 4.97 and a beta of 0.59. The company has a 50-day simple moving average of $169.56 and a two-hundred day simple moving average of $156.43. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion for 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%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. Research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.57%. Digital Realty Trust’s payout ratio is 410.08%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DLR. Truist Financial raised their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Evercore ISI raised their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. TD Cowen increased their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada upped their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Company 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.