Skandinaviska Enskilda Banken AB publ Raises Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Skandinaviska Enskilda Banken AB publ increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 63,340 shares of the real estate investment trust’s stock after purchasing an additional 4,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Digital Realty Trust were worth $9,631,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DLR. Brown Advisory Inc. grew its position in shares of Digital Realty Trust by 2.8% during the fourth quarter. Brown Advisory Inc. now owns 5,123 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 140 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Digital Realty Trust by 9.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 37,061 shares of the real estate investment trust’s stock worth $4,988,000 after purchasing an additional 3,274 shares during the last quarter. Corient Private Wealth LLC increased its stake in Digital Realty Trust by 4.7% in the fourth quarter. Corient Private Wealth LLC now owns 69,373 shares of the real estate investment trust’s stock valued at $9,336,000 after purchasing an additional 3,097 shares during the period. Assetmark Inc. raised its holdings in shares of Digital Realty Trust by 1,029.9% in the fourth quarter. Assetmark Inc. now owns 3,062 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 2,791 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Digital Realty Trust by 5.1% during the fourth quarter. Franklin Resources Inc. now owns 469,555 shares of the real estate investment trust’s stock worth $63,193,000 after buying an additional 22,915 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $158.70 on Friday. The firm has a market capitalization of $49.58 billion, a PE ratio of 44.08, a P/E/G ratio of 5.06 and a beta of 0.60. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The firm’s 50-day simple moving average is $152.15 and its 200 day simple moving average is $147.32. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company earned $1.68 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Wall Street Analyst Weigh In

Several analysts have commented on DLR shares. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a report on Monday, July 1st. They set a “buy” rating and a $175.00 price target for the company. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Truist Financial upped their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Mizuho began coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Hold” and an average price target of $154.00.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

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.