Anson Funds Management LP purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,500 shares of the real estate investment trust's stock, valued at approximately $2,347,000.
A number of other hedge funds have also recently made changes to their positions in DLR. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust during the second quarter valued at $25,000. Gradient Investments LLC grew its holdings in shares of 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 worth $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust in the second quarter worth approximately $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust in the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC bought a new stake in Digital Realty Trust during the second quarter valued at approximately $31,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on DLR. TD Cowen raised their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Stifel Nicolaus raised their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. HSBC upgraded Digital Realty Trust from a "reduce" rating to a "hold" rating and upped their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Truist Financial raised their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, Barclays upped their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $170.37.
Check Out Our Latest Research Report on DLR
Digital Realty Trust Trading Up 0.8 %
Shares of Digital Realty Trust stock traded up $1.61 during midday trading on Friday, reaching $192.69. 2,073,824 shares of the company's stock traded hands, compared to its average volume of 2,090,059. The company has a market cap of $63.92 billion, a PE ratio of 161.92, a price-to-earnings-growth ratio of 5.07 and a beta of 0.62. The stock has a 50 day moving average of $176.11 and a 200-day moving average of $160.04. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $198.00. 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 - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.62 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.
Digital Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's payout ratio is presently 410.08%.
Digital Realty Trust Profile
(
Free Report)
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.
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