Thoroughbred Financial Services LLC Buys New Shares in Digital Realty Trust, Inc. $DLR

Thoroughbred Financial Services LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,194 shares of the real estate investment trust’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Canada Pension Plan Investment Board boosted its stake in shares of Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after acquiring an additional 2,760,286 shares during the period. Nuveen LLC purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $342,389,000. Vanguard Group Inc. boosted its stake in Digital Realty Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock worth $7,505,367,000 after purchasing an additional 925,674 shares during the period. Goldman Sachs Group Inc. boosted its stake in Digital Realty Trust by 37.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock worth $431,256,000 after purchasing an additional 816,334 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in Digital Realty Trust by 399.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 966,936 shares of the real estate investment trust’s stock valued at $138,552,000 after buying an additional 773,393 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Loop Capital set a $205.00 price target on shares of Digital Realty Trust in a research note on Monday, October 27th. Truist Financial raised their price objective on Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $198.14.

Digital Realty Trust Stock Up 1.2%

Shares of NYSE DLR opened at $159.52 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The firm’s 50-day moving average price is $171.28 and its 200-day moving average price is $171.13. The stock has a market capitalization of $54.80 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 4.13 and a beta of 0.96.

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

Digital Realty Trust Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

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.