Duff & Phelps Investment Management Co. Has $239.13 Million Stake in Digital Realty Trust, Inc. $DLR

Duff & Phelps Investment Management Co. cut its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,371,704 shares of the real estate investment trust’s stock after selling 4,255 shares during the period. Digital Realty Trust comprises about 2.8% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 4th largest position. Duff & Phelps Investment Management Co. owned approximately 0.40% of Digital Realty Trust worth $239,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust during the first quarter worth about $26,000. Tobam bought a new stake in shares of Digital Realty Trust in the second quarter worth about $28,000. WPG Advisers LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth about $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust during the 1st quarter valued at about $31,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research reports. Barclays lifted their price target 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. Stifel Nicolaus set a $210.00 price objective on shares of Digital Realty Trust in a report on Friday, October 24th. Citigroup upped their target price on shares of Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price on the stock in a research report on Monday, October 20th. Finally, Raymond James Financial boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $198.14.

Digital Realty Trust Price Performance

NYSE:DLR opened at $158.30 on Monday. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. The firm’s 50-day simple moving average is $171.44 and its 200 day simple moving average is $171.20. The firm has a market cap of $54.38 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 4.13 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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 firm had revenue of $1.58 billion during the quarter. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction on 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 is available through the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust 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.