First Financial Corp IN Buys New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

First Financial Corp IN purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 235 shares of the real estate investment trust’s stock, valued at approximately $42,000.

A number of other large investors have also recently added to or reduced their stakes in DLR. Rockefeller Capital Management L.P. raised its holdings in shares of Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after purchasing an additional 23,028 shares during the period. Cumberland Partners Ltd raised its stake in Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after buying an additional 31,430 shares during the period. TCW Group Inc. lifted its position in shares of Digital Realty Trust by 161.0% in the third quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock valued at $8,204,000 after buying an additional 31,272 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Digital Realty Trust by 11.2% during the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after acquiring an additional 147,689 shares during the period. Finally, Prestige Wealth Management Group LLC increased its holdings in shares of Digital Realty Trust by 3,056.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock worth $684,000 after acquiring an additional 4,095 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on DLR shares. Scotiabank lifted their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Truist Financial upped their price target 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. Evercore ISI raised their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Raymond James upped their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.74.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $173.93 on Wednesday. The firm has a 50 day moving average of $183.21 and a 200-day moving average of $166.36. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. 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 stock has a market capitalization of $57.69 billion, a PE ratio of 146.16, a PEG ratio of 4.91 and a beta of 0.64.

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

Digital Realty Trust Dividend Announcement

The firm 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 $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 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.