L & S Advisors Inc Boosts Stake in Digital Realty Trust, Inc. $DLR

L & S Advisors Inc increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 258.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,885 shares of the real estate investment trust’s stock after purchasing an additional 46,766 shares during the quarter. Digital Realty Trust makes up about 1.1% of L & S Advisors Inc’s investment portfolio, making the stock its 18th largest holding. L & S Advisors Inc’s holdings in Digital Realty Trust were worth $11,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tobam bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $28,000. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust in the 1st quarter worth $26,000. AdvisorShares Investments LLC purchased a new position in Digital Realty Trust in the 2nd quarter worth approximately $32,000. NewSquare Capital LLC boosted its position in shares of Digital Realty Trust by 149.3% during the second quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 112 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Digital Realty Trust by 163.5% in the second quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 121 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 3.5%

DLR stock opened at $158.10 on Friday. The company has a market capitalization of $54.31 billion, a P/E ratio of 40.85, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm’s fifty day simple moving average is $171.54 and its 200-day simple moving average is $171.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The company had revenue of $1.58 billion during the quarter. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

Insider Buying and Selling

In related news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DLR has been the subject of several recent research reports. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a research report on Friday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Weiss Ratings cut shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Barclays increased their price target on Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. Finally, Citigroup raised their price target on shares of Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $198.14.

Digital Realty Trust Company Profile

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.