Swedbank AB Has $43.25 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Swedbank AB boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 99.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267,241 shares of the real estate investment trust's stock after purchasing an additional 133,326 shares during the period. Swedbank AB owned about 0.08% of Digital Realty Trust worth $43,248,000 at the end of the most recent reporting period.

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

Digital Realty Trust Stock Performance

NYSE:DLR traded up $3.09 during trading hours on Monday, hitting $192.93. 4,657,030 shares of the company traded hands, compared to its average volume of 1,879,250. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $193.88. The stock has a market capitalization of $64.00 billion, a price-to-earnings ratio of 162.13, a P/E/G ratio of 5.04 and a beta of 0.59. 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 firm has a 50-day moving average of $170.20 and a 200 day moving average of $156.89.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly 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). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $1.62 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The business 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 $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is 410.08%.

Analyst Upgrades and Downgrades

Several research firms have commented on DLR. Truist Financial boosted 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 boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $170.37.

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.