Blackston Financial Advisory Group LLC Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Blackston Financial Advisory Group LLC lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,593 shares of the real estate investment trust’s stock after purchasing an additional 76 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in Digital Realty Trust were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after buying an additional 9,865 shares in the last quarter. Cetera Investment Advisers boosted its stake in Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after purchasing an additional 23,659 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Digital Realty Trust by 652.4% in the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock worth $4,454,000 after purchasing an additional 25,399 shares in the last quarter. Choreo LLC raised its stake in shares of Digital Realty Trust by 86.8% in the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after purchasing an additional 4,081 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Digital Realty Trust by 11.2% during the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after buying an additional 147,689 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $184.35 on Friday. The company has a market capitalization of $57.60 billion, a P/E ratio of 45.90, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 1-year low of $116.73 and a 1-year high of $184.35. The firm’s 50 day simple moving average is $156.77 and its two-hundred day simple moving average is $150.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78.

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

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. TD Cowen dropped their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 target price for the company. 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. Finally, Evercore ISI upped their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $158.89.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by company insiders.

About Digital Realty Trust

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.