Prudential PLC Lowers Stake in Digital Realty Trust, Inc. $DLR

Prudential PLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.0% during the second quarter, HoldingsChannel reports. The fund owned 92,286 shares of the real estate investment trust’s stock after selling 1,866 shares during the quarter. Prudential PLC’s holdings in Digital Realty Trust were worth $16,088,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust in the first quarter worth about $26,000. Tobam purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $28,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $31,000. Finally, AdvisorShares Investments LLC purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $32,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.2%

Shares of DLR opened at $159.34 on Thursday. The company has a market capitalization of $54.73 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The stock’s 50-day moving average price is $170.99 and its 200-day moving average price is $171.05. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion during the quarter. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be issued 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 3.1%. Digital Realty Trust’s dividend payout ratio is 126.10%.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Truist Financial raised their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. TD Cowen upped their target price on Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Finally, Moffett Nathanson raised their target price on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $198.14.

Digital Realty Trust Company 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.