Digital Realty Trust, Inc. $DLR Shares Purchased by Ethic Inc.

Ethic Inc. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 7.4% in the third quarter, Holdings Channel.com reports. The fund owned 55,601 shares of the real estate investment trust’s stock after acquiring an additional 3,819 shares during the quarter. Ethic Inc.’s holdings in Digital Realty Trust were worth $9,760,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC increased its stake in shares of Digital Realty Trust by 3,600.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 148 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 144 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $31,000. Ashurst Perkins Coie Trust Co bought a new stake in Digital Realty Trust in the third quarter worth $31,000. Finally, First Community Trust NA bought a new stake in Digital Realty Trust in the third quarter worth $31,000. 99.71% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director directly owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DLR. Royal Bank Of Canada increased their target price on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Evercore reaffirmed an “outperform” rating and issued a $240.00 price target on shares of Digital Realty Trust in a research report on Tuesday, August 18th. Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Wednesday, July 15th. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $237.00 price objective on shares of Digital Realty Trust in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $221.53.

Digital Realty Trust Price Performance

NYSE DLR opened at $174.03 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The company has a fifty day simple moving average of $180.10 and a 200 day simple moving average of $183.34. The company has a market cap of $65.84 billion, a P/E ratio of 72.81, a P/E/G ratio of 3.40 and a beta of 0.97. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.75 billion. Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 8.42 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 204.18%.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.