Pacer Advisors Inc. Raises Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Pacer Advisors Inc. boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 453,941 shares of the real estate investment trust's stock after buying an additional 2,672 shares during the period. Pacer Advisors Inc. owned approximately 0.14% of Digital Realty Trust worth $73,461,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust during the second quarter worth about $25,000. Gradient Investments LLC lifted its stake in shares of 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 acquiring an additional 76 shares during the last quarter. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the 2nd quarter worth $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust in the 2nd quarter worth about $27,000. Finally, Asset Dedication LLC bought a new position in Digital Realty Trust in the second quarter valued at about $31,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Up 1.3 %

Shares of NYSE:DLR traded up $2.49 on Friday, reaching $189.86. 2,526,519 shares of the company traded hands, compared to its average volume of 1,867,011. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The business's 50-day simple moving average is $169.56 and its 200 day simple moving average is $156.35. The stock has a market capitalization of $62.98 billion, a P/E ratio of 159.55, a price-to-earnings-growth ratio of 4.97 and a beta of 0.59.

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 (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion during 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 firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 EPS. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's payout ratio is 410.08%.

Analysts Set New Price Targets

DLR has been the topic of several recent research reports. Truist Financial lifted their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Evercore ISI raised their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Hsbc Global Res upgraded Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. HSBC upgraded shares of Digital Realty Trust from a "reduce" rating to a "hold" rating and raised their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Finally, Wells Fargo & Company increased their price target on Digital Realty Trust from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $170.37.

About Digital Realty Trust

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.