Legal & General Group Plc Cuts Stake in Digital Realty Trust, Inc. $DLR

Legal & General Group Plc lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 3,893,401 shares of the real estate investment trust’s stock after selling 93,422 shares during the period. Legal & General Group Plc’s holdings in Digital Realty Trust were worth $678,737,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DLR. Vanguard Group Inc. raised its holdings in shares of Digital Realty Trust by 1.0% during the second quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock valued at $9,220,759,000 after acquiring an additional 513,697 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Digital Realty Trust by 2.3% during the second quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock worth $1,536,795,000 after purchasing an additional 196,579 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Digital Realty Trust by 63.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares during the last quarter. Northern Trust Corp lifted its holdings in Digital Realty Trust by 4.3% in the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock valued at $759,609,000 after purchasing an additional 220,649 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock worth $675,456,000 after purchasing an additional 57,312 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DLR shares. Truist Financial increased their target price on shares of Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Loop Capital set a $205.00 price objective on shares of Digital Realty Trust in a research note on Monday, October 27th. Barclays raised their target price on shares of Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. 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 report on Wednesday, October 29th. Finally, Raymond James Financial boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.14.

Digital Realty Trust Price Performance

NYSE:DLR opened at $157.14 on Friday. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The stock’s fifty day moving average is $170.32 and its two-hundred day moving average is $170.89. The company has a market capitalization of $53.98 billion, a P/E ratio of 40.60, a P/E/G ratio of 4.13 and a beta of 0.96. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

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. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion during the quarter. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed 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. This represents a $4.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

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.