Amalgamated Bank Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Amalgamated Bank boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,520 shares of the real estate investment trust’s stock after buying an additional 2,417 shares during the quarter. Amalgamated Bank’s holdings in Digital Realty Trust were worth $9,962,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DLR. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $25,000. American Capital Advisory LLC acquired a new stake in Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Gradient Investments LLC raised its stake in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the period. Finally, Rise Advisors LLC lifted its position in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of 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 at this link. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Mizuho began coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. Barclays boosted their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price target on the stock. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Truist Financial raised their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $154.00.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $158.25 on Thursday. The company’s 50-day moving average is $152.12 and its two-hundred day moving average is $147.23. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $49.44 billion, a price-to-earnings ratio of 43.96, a PEG ratio of 5.06 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released 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). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 EPS. Analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm 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. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

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.