CoreCap Advisors LLC raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 667.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 56,505 shares of the real estate investment trust’s stock after acquiring an additional 49,146 shares during the period. CoreCap Advisors LLC’s holdings in Digital Realty Trust were worth $9,918,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in DLR. Cherry Creek Investment Advisors Inc. grew its position in shares of Digital Realty Trust by 0.3% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after purchasing an additional 51 shares during the period. Columbia Bank boosted its stake in Digital Realty Trust by 0.9% in the 1st quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock worth $1,111,000 after buying an additional 53 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Digital Realty Trust by 9.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 55 shares during the last quarter. South Plains Financial Inc. lifted its holdings in shares of Digital Realty Trust by 25.7% during the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 56 shares during the period. Finally, Denali Advisors LLC boosted its position in shares of Digital Realty Trust by 1.3% in the second quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock worth $783,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Trading Down 2.4%
DLR stock traded down $4.29 during midday trading on Thursday, reaching $176.18. 2,567,027 shares of the company’s stock traded hands, compared to its average volume of 2,334,588. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The business has a 50-day moving average price of $187.33 and a two-hundred day moving average price of $187.17. The company has a market capitalization of $65.36 billion, a P/E ratio of 85.52, a PEG ratio of 3.54 and a beta of 0.99.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 236.89%.
Insider Buying and Selling
In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms recently issued reports on DLR. TD Cowen upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $192.00 to $222.00 in a report on Friday, July 24th. Mizuho set a $223.00 price target on shares of Digital Realty Trust in a report on Monday, August 10th. Barclays boosted their price objective on shares of Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Citigroup reiterated a “market outperform” rating on shares of Digital Realty Trust in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $219.69.
Get Our Latest Research Report on Digital Realty Trust
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.
Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.
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