Fiduciary Group LLC Takes $209,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Fiduciary Group LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,375 shares of the real estate investment trust’s stock, valued at approximately $209,000.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Digital Realty Trust during the 4th quarter worth $2,141,890,000. Vanguard Group Inc. boosted its stake in Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after buying an additional 951,567 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $107,372,000. Daiwa Securities Group Inc. lifted its holdings in shares of Digital Realty Trust by 16.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after acquiring an additional 678,165 shares during the last quarter. Finally, Kodai Capital Management LP purchased a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $59,087,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $158.93 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The firm’s 50 day moving average is $151.84 and its two-hundred day moving average is $146.97. The firm has a market capitalization of $49.65 billion, a P/E ratio of 44.15, a P/E/G ratio of 5.06 and a beta of 0.60.

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

Digital Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research reports. Truist Financial upped 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. Barclays lifted their target price on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Finally, Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust has an average rating of “Hold” and an average price target of $154.00.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.17% of the company’s stock.

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.