Graypoint LLC Buys 150 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Graypoint LLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 6.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,393 shares of the real estate investment trust’s stock after purchasing an additional 150 shares during the period. Graypoint LLC’s holdings in Digital Realty Trust were worth $387,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research firms have issued reports on DLR. Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Raymond James upped their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Truist Financial upped their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Jefferies Financial Group raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $167.68.

Digital Realty Trust Stock Performance

DLR stock opened at $181.93 on Friday. Digital Realty Trust, Inc. has a 1-year low of $126.22 and a 1-year high of $193.88. The company has a current ratio of 1.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average price of $163.54 and a 200-day moving average price of $153.43. The firm has a market cap of $60.35 billion, a PE ratio of 152.88, a price-to-earnings-growth ratio of 5.70 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.68%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Digital Realty Trust 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.