64,552 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Acquired by FFG Partners LLC

FFG Partners LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 64,552 shares of the real estate investment trust's stock, valued at approximately $10,446,000. Digital Realty Trust makes up about 3.6% of FFG Partners LLC's portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Digital Realty Trust by 15.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,976 shares of the real estate investment trust's stock valued at $2,277,000 after acquiring an additional 2,027 shares in the last quarter. 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 purchasing an additional 429 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in Digital Realty Trust during the 2nd quarter valued at approximately $208,000. Assenagon Asset Management S.A. raised its holdings in shares of Digital Realty Trust by 0.4% in the second quarter. Assenagon Asset Management S.A. now owns 27,794 shares of the real estate investment trust's stock worth $4,226,000 after buying an additional 124 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Digital Realty Trust by 1,172.1% during the second quarter. Blue Trust Inc. now owns 1,870 shares of the real estate investment trust's stock worth $269,000 after buying an additional 1,723 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLR has been the subject of a number of research analyst reports. Royal Bank of Canada raised their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. 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. Scotiabank increased their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Finally, Evercore ISI upped their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.68.

Digital Realty Trust Trading Down 0.5 %

Shares of DLR traded down $0.86 during midday trading on Friday, reaching $185.04. The company had a trading volume of 1,566,862 shares, compared to its average volume of 1,874,898. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a 50 day simple moving average of $178.86 and a 200-day simple moving average of $161.33. The stock has a market cap of $61.38 billion, a PE ratio of 155.50, a price-to-earnings-growth ratio of 4.97 and a beta of 0.62.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. Digital Realty Trust's revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.64%. Digital Realty Trust's dividend payout ratio is currently 410.08%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were 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 can be accessed through the SEC website. Company insiders own 0.17% of the company's stock.

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.