9,260 Shares in Digital Realty Trust, Inc. $DLR Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,260 shares of the real estate investment trust’s stock, valued at approximately $1,650,000.

Several other institutional investors also recently made changes to their positions in DLR. Pinnacle Bancorp Inc. purchased a new position in shares of Digital Realty Trust in the 3rd quarter worth $25,000. South Plains Financial Inc. increased its stake in Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 115 shares during the last quarter. Tobam purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth about $28,000. Salomon & Ludwin LLC acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at about $28,000. Finally, First Horizon Corp purchased a new stake in shares of Digital Realty Trust during the 3rd quarter worth about $31,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $159.75 on Wednesday. The firm has a 50-day moving average of $157.27 and a two-hundred day moving average of $166.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market cap of $54.87 billion, a P/E ratio of 41.28, a PEG ratio of 3.83 and a beta of 1.11. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74.

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

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was 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 presently 126.10%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research reports. UBS Group set a $189.00 price target on shares of Digital Realty Trust in a report on Wednesday, January 14th. Morgan Stanley initiated coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 target price on the stock. Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Moffett Nathanson upped their price target on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Scotiabank cut their price objective on Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 14th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $193.22.

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.