Hall Capital Management Co. Inc. Buys New Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Hall Capital Management Co. Inc. purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,418 shares of the real estate investment trust's stock, valued at approximately $1,584,000.

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Several other institutional investors and hedge funds also recently modified their holdings of DLR. Gradient Investments LLC grew its position in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 76 shares in the last quarter. Rise Advisors LLC increased its stake in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 180 shares during the period. GoalVest Advisory LLC bought a new stake in Digital Realty Trust during the first quarter worth approximately $29,000. Future Financial Wealth Managment LLC acquired a new stake in Digital Realty Trust in the first quarter worth approximately $34,000. Finally, Gables Capital Management Inc. increased its position in shares of Digital Realty Trust by 62.5% during the 4th quarter. Gables Capital Management Inc. now owns 260 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 100 shares during the period. Institutional investors own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company's stock, valued at $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Up 0.0 %

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DLR traded up $0.02 on Tuesday, reaching $150.61. 1,076,788 shares of the company traded hands, compared to its average volume of 1,854,639. The company has a market cap of $47.05 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 10.97 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.29. The stock's 50 day moving average price is $151.08 and its 200-day moving average price is $145.79. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58.

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Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The company's revenue was down .7% on a year-over-year basis. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.67 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.24%. Digital Realty Trust's dividend payout ratio is 135.56%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DLR shares. Stifel Nicolaus lifted their target price on Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, July 12th. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $150.00 to $175.00 in a report on Friday, June 28th. Truist Financial raised their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Mizuho started coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an "outperform" rating and a $170.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the stock an "outperform" rating in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $154.00.

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About Digital Realty Trust

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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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