Peterson Wealth Management Purchases 1,170 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Peterson Wealth Management lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,468 shares of the real estate investment trust’s stock after purchasing an additional 1,170 shares during the quarter. Digital Realty Trust accounts for 1.4% of Peterson Wealth Management’s holdings, making the stock its 28th biggest holding. Peterson Wealth Management’s holdings in Digital Realty Trust were worth $2,200,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI grew its position in Digital Realty Trust by 4.2% in the second quarter. National Bank of Canada FI now owns 148,647 shares of the real estate investment trust’s stock valued at $22,608,000 after acquiring an additional 5,947 shares during the last quarter. Chase Investment Counsel Corp acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at approximately $2,927,000. TD Asset Management Inc grew its holdings in shares of Digital Realty Trust by 9.0% during the 2nd quarter. TD Asset Management Inc now owns 118,356 shares of the real estate investment trust’s stock valued at $17,996,000 after purchasing an additional 9,760 shares during the last quarter. FineMark National Bank & Trust acquired a new position in Digital Realty Trust during the 2nd quarter worth approximately $6,171,000. Finally, Commons Capital LLC bought a new position in Digital Realty Trust in the 2nd quarter valued at approximately $234,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLR has been the subject of several analyst reports. TD Cowen cut their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Truist Financial boosted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company increased their price target on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and an average target price of $154.00.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Price Performance

DLR opened at $149.95 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market cap of $46.85 billion, a P/E ratio of 41.65, a PEG ratio of 4.84 and a beta of 0.60. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The firm has a 50-day moving average of $151.43 and a 200 day moving average of $146.14.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $1.68 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is 135.56%.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.