Investment Counselors of Maryland LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,305 shares of the real estate investment trust’s stock, valued at approximately $154,000. Investment Counselors of Maryland LLC owned about 804.56% of Digital Realty Trust as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in Digital Realty Trust by 49.3% during the third quarter. IFP Advisors Inc now owns 8,569 shares of the real estate investment trust’s stock worth $1,014,000 after purchasing an additional 2,829 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Digital Realty Trust by 7.3% during the second quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock worth $403,148,000 after purchasing an additional 243,995 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new stake in Digital Realty Trust during the second quarter worth about $32,118,000. Arcadia Investment Management Corp MI lifted its stake in Digital Realty Trust by 2.4% during the third quarter. Arcadia Investment Management Corp MI now owns 26,144 shares of the real estate investment trust’s stock worth $3,094,000 after purchasing an additional 609 shares during the last quarter. Finally, Cim Investment Mangement Inc. bought a new stake in Digital Realty Trust during the second quarter worth about $653,000.
DLR has been the topic of several analyst reports. Deutsche Bank AG lifted their price objective on Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Barclays PLC reiterated a “buy” rating and issued a $132.00 price objective on shares of Digital Realty Trust in a report on Friday, September 8th. William Blair initiated coverage on Digital Realty Trust in a report on Friday, September 22nd. They issued a “market perform” rating on the stock. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a report on Tuesday, September 26th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Digital Realty Trust has a consensus rating of “Hold” and an average target price of $125.43.
In related news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.
Shares of Digital Realty Trust, Inc. (NYSE DLR) opened at $122.24 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.32. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $127.23. The company has a market capitalization of $20,031.11, a P/E ratio of 20.65, a PEG ratio of 3.63 and a beta of -0.09.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm had revenue of $609.90 million for the quarter, compared to analysts’ expectations of $595.49 million. During the same period in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. research analysts predict that Digital Realty Trust, Inc. will post 6.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a $0.93 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.04%. Digital Realty Trust’s dividend payout ratio is currently 300.00%.
Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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