Mercer Global Advisors Inc. ADV Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Mercer Global Advisors Inc. ADV lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 27.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,797 shares of the real estate investment trust’s stock after acquiring an additional 3,816 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Digital Realty Trust were worth $2,706,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DLR. Gilman Hill Asset Management LLC boosted its holdings in shares of Digital Realty Trust by 1.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 65 shares during the last quarter. Gradient Investments LLC boosted its holdings in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Garrison Asset Management LLC grew its position in Digital Realty Trust by 3.6% during the second quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust’s stock valued at $346,000 after acquiring an additional 80 shares during the period. CHICAGO TRUST Co NA increased its stake in Digital Realty Trust by 5.1% during the second quarter. CHICAGO TRUST Co NA now owns 1,713 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 83 shares during the last quarter. Finally, Conning Inc. raised its holdings in shares of Digital Realty Trust by 5.8% in the 2nd quarter. Conning Inc. now owns 1,530 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 84 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $158.70 on Monday. The stock has a market capitalization of $49.58 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 5.06 and a beta of 0.60. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The company’s 50-day simple moving average is $152.15 and its 200-day simple moving average is $147.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last issued its 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). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $1.68 EPS. Digital Realty Trust’s revenue was down .7% compared to the same quarter last year. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Wall Street Analyst Weigh In

Several research firms recently commented on DLR. Royal Bank of Canada raised their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Mizuho started coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group began coverage on Digital Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, Truist Financial boosted their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $154.00.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Company 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.