Digital Realty Trust, Inc. $DLR Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 147,253 shares of the real estate investment trust’s stock after acquiring an additional 4,865 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Digital Realty Trust were worth $25,457,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Seamount Financial Group Inc. increased its stake in Digital Realty Trust by 13.4% in the third quarter. Seamount Financial Group Inc. now owns 1,909 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 225 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Digital Realty Trust by 34.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 36,661 shares of the real estate investment trust’s stock worth $6,338,000 after buying an additional 9,340 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Digital Realty Trust by 5.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 68,704 shares of the real estate investment trust’s stock worth $11,878,000 after acquiring an additional 3,530 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth about $132,000. Finally, Benjamin Edwards Inc. boosted its position in shares of Digital Realty Trust by 9.4% in the third quarter. Benjamin Edwards Inc. now owns 54,186 shares of the real estate investment trust’s stock worth $9,372,000 after acquiring an additional 4,661 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust 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 document filed with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Up 3.6%

Shares of NYSE DLR opened at $158.50 on Friday. The stock has a fifty day moving average price of $158.43 and a 200 day moving average price of $167.09. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $187.74. The company has a market cap of $54.44 billion, a P/E ratio of 40.96, a P/E/G ratio of 3.67 and a beta of 1.11.

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. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion during the quarter. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on DLR. Truist Financial upped their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective for the company in a report on Monday, October 20th. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a report on Friday, October 24th. Weiss Ratings raised Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Finally, Jefferies Financial Group cut their price objective on Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.62.

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.