Meadow Creek Wealth Advisors LLC Invests $200,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Meadow Creek Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,236 shares of the real estate investment trust’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its holdings in Digital Realty Trust by 29.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 2,538 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 583 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Digital Realty Trust by 122.4% in the 1st quarter. Sound Income Strategies LLC now owns 407 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 224 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $34,000. GoalVest Advisory LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $29,000. Finally, Franklin Street Advisors Inc. NC lifted its stake in shares of Digital Realty Trust by 0.6% during the 1st quarter. Franklin Street Advisors Inc. NC now owns 63,545 shares of the real estate investment trust’s stock worth $9,153,000 after acquiring an additional 359 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DLR. Wells Fargo & Company raised their price target on Digital Realty Trust from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Barclays boosted their price target on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Truist Financial boosted their price target on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $157.17.

Digital Realty Trust Stock Up 0.0 %

Shares of DLR opened at $165.21 on Wednesday. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $166.29. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $51.62 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 5.08 and a beta of 0.60. The stock’s 50-day moving average price is $156.48 and its 200-day moving average price is $150.17.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company 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 company earned $1.68 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.95%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction that occurred on 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 owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.

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.