Rockefeller Capital Management L.P. Acquires 13,760 Shares of Digital Realty Trust, Inc. $DLR

Rockefeller Capital Management L.P. boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% in the second quarter, Holdings Channel reports. The firm owned 470,285 shares of the real estate investment trust’s stock after purchasing an additional 13,760 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Digital Realty Trust were worth $82,351,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DLR. Canada Pension Plan Investment Board lifted its position in shares of Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after buying an additional 2,760,286 shares during the period. Nuveen LLC bought a new position in shares of Digital Realty Trust during the first quarter valued at $342,389,000. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock valued at $7,505,367,000 after purchasing an additional 925,674 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Digital Realty Trust by 37.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock worth $431,256,000 after purchasing an additional 816,334 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in shares of Digital Realty Trust by 399.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 966,936 shares of the real estate investment trust’s stock worth $138,552,000 after purchasing an additional 773,393 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

DLR stock opened at $158.30 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market cap of $54.38 billion, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The business’s fifty day moving average is $171.44 and its 200-day moving average is $171.12.

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

Digital Realty Trust Announces Dividend

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

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on DLR shares. TD Cowen boosted their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price on the stock in a report on Monday, October 20th. Truist Financial lifted their price target on Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Digital Realty Trust in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

About Digital Realty Trust

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.