Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 20.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,231 shares of the real estate investment trust’s stock after acquiring an additional 379 shares during the quarter. CreativeOne Wealth LLC’s holdings in Digital Realty Trust were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Cumberland Partners Ltd grew its stake in Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after purchasing an additional 31,430 shares in the last quarter. Cetera Investment Advisers increased its holdings in Digital Realty Trust by 295.5% in the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after buying an additional 23,659 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Digital Realty Trust by 652.4% during the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after acquiring an additional 25,399 shares in the last quarter. Choreo LLC raised its holdings in shares of Digital Realty Trust by 86.8% during the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after purchasing an additional 4,081 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Digital Realty Trust by 11.2% in the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after buying an additional 147,689 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays lifted their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Truist Financial increased their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Price Performance

Shares of DLR opened at $192.18 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $63.75 billion, a PE ratio of 161.48, a PEG ratio of 5.19 and a beta of 0.59. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $198.00. The firm’s 50 day moving average price is $173.14 and its 200 day moving average price is $158.36.

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

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is 410.08%.

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.