Digital Realty Trust, Inc. $DLR Stock Position Increased by Impax Asset Management Group plc

Impax Asset Management Group plc increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 35.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,434 shares of the real estate investment trust’s stock after acquiring an additional 4,597 shares during the period. Impax Asset Management Group plc’s holdings in Digital Realty Trust were worth $3,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DLR. Summit Place Financial Advisors LLC lifted its holdings in Digital Realty Trust by 2.0% in the 2nd quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 57 shares during the last quarter. Nvwm LLC grew its stake in shares of Digital Realty Trust by 1.9% in the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 60 shares during the last quarter. Riverbend Wealth Management LLC raised its holdings in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 60 shares in the last quarter. Decatur Capital Management Inc. lifted its stake in Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock valued at $2,337,000 after purchasing an additional 61 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its holdings in Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock worth $683,000 after buying an additional 63 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $158.10 on Friday. The company has a market capitalization of $54.31 billion, a price-to-earnings ratio of 40.85, a P/E/G ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. The stock’s fifty day simple moving average is $171.54 and its 200-day simple moving average is $171.06.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion during the quarter. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.1%. Digital Realty Trust’s payout ratio is presently 126.10%.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DLR shares. Daiwa Capital Markets started coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price target on the stock. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a research report on Friday, October 24th. Wall Street Zen lowered Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Weiss Ratings cut Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Finally, Barclays upped their price objective on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $198.14.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.