Bleakley Financial Group LLC Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Bleakley Financial Group LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,272 shares of the real estate investment trust’s stock after acquiring an additional 99 shares during the period. Bleakley Financial Group LLC’s holdings in Digital Realty Trust were worth $691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. Los Angeles Capital Management LLC raised its position in Digital Realty Trust by 29.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 2,538 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 583 shares during the last quarter. Gilman Hill Asset Management LLC lifted its position in Digital Realty Trust by 12.0% during the first quarter. Gilman Hill Asset Management LLC now owns 6,114 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 655 shares during the period. Dynamic Advisor Solutions LLC lifted its position in Digital Realty Trust by 21.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 36,328 shares of the real estate investment trust’s stock valued at $5,233,000 after acquiring an additional 6,494 shares during the period. Hazelview Securities Inc. lifted its holdings in shares of Digital Realty Trust by 126.9% during the first quarter. Hazelview Securities Inc. now owns 312,200 shares of the real estate investment trust’s stock valued at $44,304,000 after purchasing an additional 174,610 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in Digital Realty Trust by 122.4% in the first quarter. Sound Income Strategies LLC now owns 407 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 224 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

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 on Thursday, August 1st. The shares were 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 of the company’s stock, valued at $1,360,604.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on DLR. Truist Financial increased their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Barclays raised their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, Mizuho started coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $157.17.

Digital Realty Trust Trading Down 0.1 %

Shares of DLR opened at $165.16 on Tuesday. The firm has a market cap of $51.60 billion, a P/E ratio of 45.88, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $165.65. The company has a 50 day simple moving average of $156.16 and a two-hundred day simple moving average of $150.01.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share 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 company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The business’s revenue was down .7% on a year-over-year basis. On average, equities analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.95%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

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.