Leavell Investment Management Inc. Buys 5,285 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Leavell Investment Management Inc. increased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 101.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,502 shares of the real estate investment trust's stock after purchasing an additional 5,285 shares during the period. Leavell Investment Management Inc.'s holdings in Digital Realty Trust were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth about $25,000. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth about $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth about $27,000. Gradient Investments LLC boosted its stake in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after buying an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. raised its holdings in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 81 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Jefferies Financial Group upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, October 25th. Hsbc Global Res raised shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. Finally, Truist Financial upped their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $167.68.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $3.51 during mid-day trading on Friday, reaching $181.98. The company had a trading volume of 2,229,733 shares, compared to its average volume of 1,985,581. Digital Realty Trust, Inc. has a fifty-two week low of $126.22 and a fifty-two week high of $193.88. The company has a current ratio of 1.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a market cap of $60.37 billion, a P/E ratio of 152.92, a P/E/G ratio of 5.58 and a beta of 0.59. The business has a fifty day simple moving average of $163.54 and a 200 day simple moving average of $153.53.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio is presently 410.08%.

Digital Realty Trust 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.