SteelPeak Wealth LLC Increases Stock Holdings in Digital Realty Trust, Inc. $DLR

SteelPeak Wealth LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 579.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,083 shares of the real estate investment trust’s stock after acquiring an additional 21,392 shares during the period. SteelPeak Wealth LLC’s holdings in Digital Realty Trust were worth $4,336,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DLR. Norges Bank acquired a new stake in Digital Realty Trust during the 2nd quarter valued at $3,808,270,000. Goldman Sachs Group Inc. boosted its position in 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 valued at $431,256,000 after buying an additional 816,334 shares during the last quarter. Amundi grew its stake in shares of Digital Realty Trust by 49.4% during the first quarter. Amundi now owns 2,168,991 shares of the real estate investment trust’s stock valued at $306,023,000 after acquiring an additional 717,551 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Digital Realty Trust by 87.0% during the second quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust’s stock worth $253,926,000 after acquiring an additional 677,483 shares during the last quarter. Finally, Resolution Capital Ltd lifted its stake in shares of Digital Realty Trust by 25.2% in the second quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock worth $517,345,000 after acquiring an additional 596,420 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was 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 is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup raised their price objective on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Barclays raised their price target on shares of Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research report on Monday, October 27th. TD Cowen upped their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Cowen reissued a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. Finally, Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $197.55.

Digital Realty Trust Stock Down 1.0%

Shares of NYSE:DLR opened at $154.88 on Friday. The company’s fifty day moving average is $160.58 and its two-hundred day moving average is $167.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74. The stock has a market capitalization of $53.20 billion, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 3.99 and a beta of 1.11.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors 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 3.2%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

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.