5,550 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 5,550 shares of the real estate investment trust’s stock, valued at approximately $898,000.

Other hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC lifted its stake in shares of Digital Realty Trust by 2.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 9,011 shares of the real estate investment trust’s stock valued at $1,458,000 after buying an additional 217 shares in the last quarter. Catalytic Wealth RIA LLC lifted its position in shares of Digital Realty Trust by 16.9% in the third quarter. Catalytic Wealth RIA LLC now owns 6,623 shares of the real estate investment trust’s stock valued at $1,072,000 after acquiring an additional 956 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Digital Realty Trust in the third quarter worth about $194,000. Kennebec Savings Bank purchased a new stake in shares of Digital Realty Trust during the third quarter worth about $791,000. Finally, Ashton Thomas Securities LLC bought a new stake in Digital Realty Trust during the 3rd quarter valued at approximately $47,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Down 1.5 %

Shares of DLR opened at $178.13 on Thursday. The firm has a fifty day moving average price of $164.79 and a 200-day moving average price of $154.18. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $59.09 billion, a P/E ratio of 149.69, a P/E/G ratio of 4.80 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The company 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%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 earnings per share. Equities research analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial increased their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday. Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price objective for the company from $124.00 to $160.00 in a report on Friday, October 4th. TD Cowen lifted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $169.47.

Digital Realty Trust 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.