Weiss Asset Management LP Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Weiss Asset Management LP bought a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 59,156 shares of the real estate investment trust's stock, valued at approximately $9,573,000.

A number of other hedge funds have also bought and sold shares of the business. Cetera Investment Advisers grew its holdings in Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust's stock valued at $4,561,000 after purchasing an additional 23,659 shares during the period. Cetera Advisors LLC lifted its holdings in Digital Realty Trust by 26.9% during the first quarter. Cetera Advisors LLC now owns 11,145 shares of the real estate investment trust's stock valued at $1,605,000 after purchasing an additional 2,361 shares during the last quarter. Park Avenue Securities LLC boosted its position in Digital Realty Trust by 13.7% during the second quarter. Park Avenue Securities LLC now owns 7,869 shares of the real estate investment trust's stock worth $1,196,000 after purchasing an additional 950 shares during the period. Simplicity Wealth LLC increased its stake in shares of Digital Realty Trust by 18.1% in the second quarter. Simplicity Wealth LLC now owns 4,171 shares of the real estate investment trust's stock worth $634,000 after purchasing an additional 639 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in shares of Digital Realty Trust by 1.8% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 9,495 shares of the real estate investment trust's stock valued at $1,444,000 after buying an additional 171 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 0.8 %

Shares of DLR stock traded up $1.61 during trading hours on Friday, hitting $192.69. 2,068,484 shares of the company's stock traded hands, compared to its average volume of 1,871,293. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $63.92 billion, a price-to-earnings ratio of 161.14, a PEG ratio of 5.07 and a beta of 0.62. The stock's fifty day simple moving average is $175.48 and its two-hundred day simple moving average is $159.47. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $198.00.

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). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $1.62 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced 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 presently 410.08%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DLR. Scotiabank increased their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. HSBC upgraded Digital Realty Trust from a "reduce" rating to a "hold" rating and boosted their target price for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Stifel Nicolaus lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Truist Financial upped their price objective 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. Finally, Hsbc Global Res upgraded shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Hold" and a consensus target price 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.