Chiron Investment Management LLC Increases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Chiron Investment Management LLC boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 69.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,266 shares of the real estate investment trust's stock after acquiring an additional 3,395 shares during the period. Chiron Investment Management LLC's holdings in Digital Realty Trust were worth $1,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DLR. Sequoia Financial Advisors LLC increased its stake in shares of Digital Realty Trust by 15.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,104 shares of the real estate investment trust's stock valued at $1,840,000 after purchasing an additional 1,588 shares during the last quarter. M&G Plc bought a new stake in Digital Realty Trust during the 2nd quarter worth $207,000. Wealth Enhancement Advisory Services LLC grew its position in Digital Realty Trust by 15.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,976 shares of the real estate investment trust's stock worth $2,277,000 after acquiring an additional 2,027 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in Digital Realty Trust by 66.8% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 447 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 179 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Digital Realty Trust by 5.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,761 shares of the real estate investment trust's stock worth $1,332,000 after acquiring an additional 429 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research reports. Hsbc Global Res upgraded Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. Evercore ISI lifted their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Truist Financial lifted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average price target of $171.68.

Digital Realty Trust Stock Up 0.8 %

DLR traded up $1.53 during midday trading on Wednesday, reaching $187.24. 970,640 shares of the company were exchanged, compared to its average volume of 1,871,684. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company's fifty day moving average price is $177.15 and its 200 day moving average price is $160.67. The company has a market cap of $62.11 billion, a price-to-earnings ratio of 157.71, a price-to-earnings-growth ratio of 5.11 and a beta of 0.62. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 earnings per share. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio is currently 410.08%.

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.