Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 42.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,501 shares of the real estate investment trust's stock after acquiring an additional 3,132 shares during the quarter. Park Avenue Securities LLC's holdings in Digital Realty Trust were worth $1,862,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust's stock valued at $783,812,000 after buying an additional 117,461 shares during the period. Legal & General Group Plc lifted its holdings in shares of Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust's stock valued at $719,222,000 after acquiring an additional 129,799 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Digital Realty Trust by 501.7% during the 3rd 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 purchasing an additional 3,607,802 shares during the period. abrdn plc increased its holdings in Digital Realty Trust by 17.3% in the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust's stock valued at $315,999,000 after purchasing an additional 288,772 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its position in Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock valued at $299,433,000 after purchasing an additional 1,838,278 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded down $1.57 during trading on Friday, reaching $178.54. 1,639,412 shares of the company's stock traded hands, compared to its average volume of 1,512,392. The stock has a market capitalization of $59.22 billion, a P/E ratio of 150.03, a price-to-earnings-growth ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The company has a 50 day moving average of $183.19 and a 200-day moving average of $166.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company posted $1.62 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. Digital Realty Trust's dividend payout ratio (DPR) is presently 410.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DLR shares. Evercore ISI increased their target price on Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Barclays increased their price objective 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. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $177.32.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

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.