Chronos Wealth Management LLC Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Chronos Wealth Management LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,675 shares of the real estate investment trust’s stock after acquiring an additional 1,754 shares during the period. Digital Realty Trust comprises 2.5% of Chronos Wealth Management LLC’s portfolio, making the stock its 18th largest holding. Chronos Wealth Management LLC’s holdings in Digital Realty Trust were worth $4,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in Digital Realty Trust by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 391,051 shares of the real estate investment trust’s stock worth $59,459,000 after acquiring an additional 2,479 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Digital Realty Trust by 5.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 21,926 shares of the real estate investment trust’s stock worth $3,334,000 after buying an additional 1,112 shares during the period. Parallel Advisors LLC grew its position in Digital Realty Trust by 3.5% during the second quarter. Parallel Advisors LLC now owns 4,394 shares of the real estate investment trust’s stock worth $668,000 after buying an additional 150 shares during the period. Condor Capital Management acquired a new stake in shares of Digital Realty Trust during the 2nd quarter valued at approximately $1,627,000. Finally, Fiduciary Group LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $209,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $158.93 on Friday. The company has a market cap of $49.65 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The stock’s 50-day moving average is $151.84 and its 200-day moving average is $146.91.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 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 analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.68 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.07%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their target price for the company from $150.00 to $175.00 in a report on Friday, June 28th. Barclays boosted their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Truist Financial boosted their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $154.00.

About Digital Realty Trust

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.