Skandinaviska Enskilda Banken AB publ Buys 1,348 Shares of Digital Realty Trust, Inc. $DLR

Skandinaviska Enskilda Banken AB publ increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 67,467 shares of the real estate investment trust’s stock after acquiring an additional 1,348 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Digital Realty Trust were worth $11,762,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Oxler Private Wealth LLC bought a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $240,000. Norges Bank purchased a new stake in Digital Realty Trust in the second quarter worth $3,808,270,000. Quadrature Capital Ltd grew its stake in Digital Realty Trust by 26.3% in the second quarter. Quadrature Capital Ltd now owns 31,095 shares of the real estate investment trust’s stock worth $5,419,000 after purchasing an additional 6,483 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Digital Realty Trust by 5.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,976 shares of the real estate investment trust’s stock worth $4,354,000 after purchasing an additional 1,331 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in Digital Realty Trust by 2.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 315,145 shares of the real estate investment trust’s stock valued at $54,939,000 after buying an additional 7,513 shares during the period. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent research reports. Moffett Nathanson upped their target price on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Stifel Nicolaus set a $210.00 target price on shares of Digital Realty Trust in a report on Friday, October 24th. TD Cowen upped their price target on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Finally, Morgan Stanley started coverage on Digital Realty Trust in a research note on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.14.

Digital Realty Trust Price Performance

Shares of DLR opened at $160.25 on Friday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market capitalization of $55.05 billion, a P/E ratio of 41.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The firm has a 50 day moving average of $168.93 and a 200 day moving average of $170.65. 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 released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $1.58 billion for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

About Digital Realty Trust

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.