Insigneo Advisory Services LLC Buys New Shares in Digital Realty Trust, Inc. $DLR

Insigneo Advisory Services LLC purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, HoldingsChannel.com reports. The firm purchased 1,288 shares of the real estate investment trust’s stock, valued at approximately $225,000.

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

Wall Street Analyst Weigh In

DLR has been the topic of several research analyst reports. Citigroup boosted their price objective 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. Moffett Nathanson boosted their price target on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Barclays increased their price objective on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Weiss Ratings raised shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Truist Financial raised 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 note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

Insider Transactions at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Up 1.1%

NYSE DLR opened at $159.16 on Thursday. The stock has a 50 day moving average price of $169.42 and a 200-day moving average price of $170.74. 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 quick ratio of 2.22 and a current ratio of 2.02. The company has a market capitalization of $54.67 billion, a P/E ratio of 41.13, 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 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 company had revenue of $1.58 billion for the quarter. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS 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. Shareholders of record on Monday, December 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s payout ratio is presently 126.10%.

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.