Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,014 shares of the real estate investment trust’s stock after buying an additional 77 shares during the period. Pathway Financial Advisers LLC’s holdings in Digital Realty Trust were worth $1,820,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DLR. Public Employees Retirement System of Ohio boosted its holdings in Digital Realty Trust by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock worth $79,074,000 after purchasing an additional 9,158 shares during the period. Bessemer Group Inc. lifted its holdings in Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after acquiring an additional 9,865 shares during the last quarter. Cetera Investment Advisers boosted its stake in Digital Realty Trust by 295.5% in 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 acquiring an additional 23,659 shares during the period. Pinebridge Investments L.P. bought a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $3,167,000. Finally, Sun Life Financial Inc. bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $20,978,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DLR shares. Truist Financial increased their target price on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada boosted their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. 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 on the stock. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, Barclays lifted their target price on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. Three 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and a consensus target price of $154.00.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 0.4 %

Shares of NYSE DLR opened at $161.79 on Tuesday. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 5.14 and a beta of 0.60. The business has a 50 day simple moving average of $152.69 and a 200 day simple moving average of $147.95. 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, Inc. has a 52 week low of $113.94 and a 52 week high of $165.17.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 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.