Sompo Asset Management Co. Ltd. Acquires 310 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Sompo Asset Management Co. Ltd. boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 8.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,920 shares of the real estate investment trust’s stock after buying an additional 310 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Digital Realty Trust were worth $634,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $25,000. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the second quarter worth about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Gradient Investments LLC raised its holdings in shares of Digital Realty Trust by 75.2% in 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. Finally, Adirondack Trust Co. lifted its stake in 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 valued at $32,000 after purchasing an additional 81 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays raised their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada upped their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Stock Performance

NYSE DLR opened at $189.84 on Friday. The company has a 50-day simple moving average of $169.56 and a two-hundred day simple moving average of $156.43. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The firm has a market cap of $62.97 billion, a price-to-earnings ratio of 159.53, a PEG ratio of 4.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 EPS. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.57%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

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.