AIA Group Ltd Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

AIA Group Ltd lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,600 shares of the real estate investment trust’s stock after acquiring an additional 900 shares during the period. AIA Group Ltd’s holdings in Digital Realty Trust were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the second quarter worth about $25,000. American Capital Advisory LLC purchased a new position in Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $27,000. Gradient Investments LLC boosted its holdings in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. increased its stake in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DLR shares. Truist Financial upped their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Stifel Nicolaus reiterated a “buy” rating and set a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Raymond James upped their price objective on 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. Finally, HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their target price for the company from $124.00 to $160.00 in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $167.68.

Digital Realty Trust Trading Up 1.9 %

Shares of DLR stock opened at $181.93 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $126.22 and a fifty-two week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.61. The stock’s fifty day moving average is $163.54 and its two-hundred day moving average is $153.43. The firm has a market capitalization of $60.35 billion, a P/E ratio of 152.88, a PEG ratio of 5.70 and a beta of 0.59.

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

Digital Realty Trust Announces Dividend

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

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.