Creative Planning Has $28.92 Million Holdings in Digital Realty Trust, Inc. $DLR

Creative Planning raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,871 shares of the real estate investment trust’s stock after acquiring an additional 8,390 shares during the quarter. Creative Planning’s holdings in Digital Realty Trust were worth $28,916,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Digital Realty Trust

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

Digital Realty Trust Stock Performance

Shares of DLR opened at $158.30 on Monday. The firm has a market capitalization of $54.38 billion, a P/E ratio of 40.90, a P/E/G ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The stock has a 50 day moving average price of $171.44 and a two-hundred day moving average price of $171.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02.

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

Digital Realty Trust Dividend Announcement

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

Analyst Ratings Changes

DLR has been the subject of a number of research reports. Moffett Nathanson raised their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Wall Street Zen downgraded Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Daiwa Capital Markets assumed coverage on Digital Realty Trust in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 target price for the company. Raymond James Financial increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Finally, Wells Fargo & Company boosted their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.