Sanctuary Advisors LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 162.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 121,635 shares of the real estate investment trust's stock after purchasing an additional 75,214 shares during the period. Sanctuary Advisors LLC's holdings in Digital Realty Trust were worth $19,684,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock worth $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock worth $299,433,000 after acquiring an additional 1,838,278 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Digital Realty Trust by 543.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust's stock valued at $220,068,000 after acquiring an additional 1,773,591 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Digital Realty Trust in the third quarter valued at about $132,980,000. Finally, Wulff Hansen & CO. increased its position in Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust's stock worth $121,006,000 after purchasing an additional 790,596 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
Insider Buying and Selling
In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is owned by company insiders.
Analysts Set New Price Targets
DLR has been the subject of a number of recent analyst reports. Evercore ISI raised their price target 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. Raymond James raised their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Barclays upped their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research report on Monday, November 18th. Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, Hsbc Global Res upgraded shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned 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 price target of $171.68.
Check Out Our Latest Report on DLR
Digital Realty Trust Stock Down 0.2 %
Shares of DLR stock traded down $0.35 on Friday, reaching $185.56. 381,717 shares of the stock were exchanged, compared to its average volume of 1,869,917. The company has a market capitalization of $61.55 billion, a price-to-earnings ratio of 157.26, a PEG ratio of 4.97 and a beta of 0.62. The business's 50 day moving average price is $178.29 and its 200 day moving average price is $161.04. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $198.00.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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 business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.
Digital Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is 410.08%.
About Digital Realty Trust
(
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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