Greenland Capital Management LP Purchases New Shares in Digital Realty Trust, Inc. $DLR

Greenland Capital Management LP acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 45,201 shares of the real estate investment trust’s stock, valued at approximately $7,880,000. Digital Realty Trust comprises approximately 0.8% of Greenland Capital Management LP’s investment portfolio, making the stock its 28th biggest holding.

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

Digital Realty Trust Trading Up 1.2%

NYSE DLR opened at $159.52 on Wednesday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. The firm has a market cap of $54.80 billion, a P/E ratio of 41.22, a P/E/G ratio of 4.13 and a beta of 0.96. The stock’s 50-day moving average is $171.28 and its 200-day moving average is $171.13.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup upped their price target on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Loop Capital set a $205.00 price target on Digital Realty Trust in a research report on Monday, October 27th. TD Cowen upped their price objective on Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Finally, Moffett Nathanson upped their price target on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.14.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

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.