Oak Asset Management LLC Has $1.20 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Oak Asset Management LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,788 shares of the real estate investment trust’s stock after selling 286 shares during the quarter. Oak Asset Management LLC’s holdings in Digital Realty Trust were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Digital Realty Trust in the second quarter worth $25,000. Federated Hermes Inc. increased its position in Digital Realty Trust by 49.9% in the 2nd quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust’s stock worth $1,054,000 after purchasing an additional 2,307 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Digital Realty Trust by 3.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,394 shares of the real estate investment trust’s stock worth $668,000 after purchasing an additional 150 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Digital Realty Trust by 5.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,926 shares of the real estate investment trust’s stock valued at $3,334,000 after buying an additional 1,112 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Digital Realty Trust by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 391,051 shares of the real estate investment trust’s stock valued at $59,459,000 after buying an additional 2,479 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Down 0.8 %

Digital Realty Trust stock opened at $171.94 on Tuesday. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The stock has a market cap of $57.03 billion, a price-to-earnings ratio of 144.49, a price-to-earnings-growth ratio of 4.91 and a beta of 0.64. The business has a 50 day moving average price of $183.35 and a two-hundred day moving average price of $166.20. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Barclays upped their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus raised their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $174.74.

Digital Realty Trust 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.