Hutchens & Kramer Investment Management Group LLC Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Hutchens & Kramer Investment Management Group LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.7% in the third quarter, Holdings Channel reports. The firm owned 2,258 shares of the real estate investment trust’s stock after purchasing an additional 181 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Digital Realty Trust were worth $362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DLR. Gilman Hill Asset Management LLC grew its stake in Digital Realty Trust by 1.1% during the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 65 shares during the period. Gradient Investments LLC boosted its position in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the period. Pathway Financial Advisers LLC raised its position in Digital Realty Trust by 0.6% in the second quarter. Pathway Financial Advisers LLC now owns 12,014 shares of the real estate investment trust’s stock valued at $1,820,000 after purchasing an additional 77 shares during the period. Garrison Asset Management LLC lifted its stake in shares of Digital Realty Trust by 3.6% during the second quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 80 shares in the last quarter. Finally, Adirondack Trust Co. boosted its position in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

DLR stock traded down $0.77 during midday trading on Tuesday, reaching $161.21. The company had a trading volume of 2,635,271 shares, compared to its average volume of 1,825,904. The firm has a market capitalization of $50.37 billion, a PE ratio of 45.59, a P/E/G ratio of 5.08 and a beta of 0.60. The stock has a 50 day moving average price of $154.70 and a 200 day moving average price of $149.22. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $165.17. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.03%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DLR shares. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price target on the stock. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Truist Financial upped 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. Wells Fargo & Company lifted their target price on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus raised their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $156.89.

Digital Realty Trust Company 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.