Capital Investment Advisors LLC Raises Position in Digital Realty Trust, Inc. $DLR

Capital Investment Advisors LLC grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,704 shares of the real estate investment trust’s stock after purchasing an additional 3,530 shares during the period. Capital Investment Advisors LLC’s holdings in Digital Realty Trust were worth $11,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Summit Place Financial Advisors LLC lifted its position in Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 57 shares during the last quarter. Riverbend Wealth Management LLC increased its position in Digital Realty Trust by 3.0% during the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 60 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its stake in shares of Digital Realty Trust by 0.4% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock valued at $2,478,000 after acquiring an additional 60 shares during the period. Telos Capital Management Inc. lifted its holdings in shares of Digital Realty Trust by 0.8% in the 2nd quarter. Telos Capital Management Inc. now owns 8,089 shares of the real estate investment trust’s stock worth $1,410,000 after acquiring an additional 64 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Digital Realty Trust by 6.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 1.4%

DLR opened at $152.72 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $158.68 and its two-hundred day moving average is $167.22. The company has a market capitalization of $52.46 billion, a P/E ratio of 39.46, a PEG ratio of 3.72 and a beta of 1.11. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $187.74.

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

Digital Realty Trust Dividend Announcement

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 $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DLR. Daiwa Capital Markets initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price objective on the stock. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. Weiss Ratings upgraded Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Truist Financial increased their target price on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley started coverage on Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 target price for the company. Two investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.62.

Insider Activity

In other news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.