Future Financial Wealth Managment LLC Purchases Shares of 235 Digital Realty Trust, Inc. (NYSE:DLR)

Future Financial Wealth Managment LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 235 shares of the real estate investment trust’s stock, valued at approximately $38,000.

Other hedge funds also recently bought and sold shares of the company. Gilman Hill Asset Management LLC raised its position in shares of Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 65 shares in the last quarter. Gradient Investments LLC raised its position in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of Digital Realty Trust by 0.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 12,014 shares of the real estate investment trust’s stock worth $1,820,000 after acquiring an additional 77 shares in the last quarter. Garrison Asset Management LLC raised its position in shares of Digital Realty Trust by 3.6% during the 2nd quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 80 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in Digital Realty Trust by 5.1% during the 2nd quarter. CHICAGO TRUST Co NA now owns 1,713 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

NYSE:DLR opened at $158.85 on Friday. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 5.14 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average is $154.02 and its two-hundred day moving average is $148.76. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $165.17.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.68 earnings per share. Research analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s payout ratio is currently 135.56%.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays raised their price target on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday. Truist Financial raised their price target on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group began coverage on Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 price target on the stock. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $156.89.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.