Forsta AP Fonden Increases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Forsta AP Fonden boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 18.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,100 shares of the real estate investment trust’s stock after buying an additional 10,800 shares during the quarter. Forsta AP Fonden’s holdings in Digital Realty Trust were worth $11,344,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DLR. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at approximately $25,000. American Capital Advisory LLC purchased a new position in Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC bought a new position in Digital Realty Trust during the second quarter valued at $27,000. Gradient Investments LLC grew its holdings in Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Finally, Adirondack Trust Co. raised its stake in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of several research reports. Wells Fargo & Company increased their price target on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays increased their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Truist Financial boosted their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Evercore ISI raised their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 price objective (up from $185.00) on shares of Digital Realty Trust in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $165.21.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 9.6 %

Shares of NYSE DLR opened at $181.01 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average of $157.70 and a 200-day moving average of $150.74. The firm has a market capitalization of $56.55 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 12 month low of $116.73 and a 12 month high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 earnings per share. Sell-side analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.70%. Digital Realty Trust’s payout ratio is 135.56%.

Digital Realty Trust 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.