Digital Realty Trust, Inc. $DLR Shares Acquired by L & S Advisors Inc

L & S Advisors Inc increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 258.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,885 shares of the real estate investment trust’s stock after acquiring an additional 46,766 shares during the period. Digital Realty Trust makes up about 1.1% of L & S Advisors Inc’s portfolio, making the stock its 18th largest holding. L & S Advisors Inc’s holdings in Digital Realty Trust were worth $11,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new position in shares of Digital Realty Trust during the 1st quarter valued at approximately $26,000. Tobam acquired a new stake in shares of Digital Realty Trust in the second quarter valued at about $28,000. WPG Advisers LLC purchased a new stake in shares of Digital Realty Trust during the first quarter worth about $30,000. 1 North Wealth Services LLC purchased a new stake in Digital Realty Trust during the 1st quarter worth approximately $31,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Digital Realty Trust during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 3.5%

DLR opened at $158.10 on Friday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The business’s 50 day moving average price is $171.54 and its 200 day moving average price is $171.06. The stock has a market capitalization of $54.31 billion, a PE ratio of 40.85, a P/E/G ratio of 4.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm had revenue of $1.58 billion for the quarter. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is 126.10%.

Analyst Ratings Changes

Several research firms recently commented on DLR. Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Morgan Stanley started coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price objective for the company. Citigroup increased their price objective on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company boosted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.14.

Insider Activity at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.