Phocas Financial Corp. acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 520 shares of the real estate investment trust’s stock, valued at approximately $52,000.
Other large investors also recently made changes to their positions in the company. Cohen & Steers Inc. boosted its holdings in shares of Digital Realty Trust by 25.3% in the third quarter. Cohen & Steers Inc. now owns 21,480,318 shares of the real estate investment trust’s stock worth $2,130,012,000 after buying an additional 4,341,066 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Digital Realty Trust by 37.8% in the third quarter. Daiwa Securities Group Inc. now owns 3,918,798 shares of the real estate investment trust’s stock worth $388,666,000 after buying an additional 1,074,835 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Digital Realty Trust by 162.3% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,292,297 shares of the real estate investment trust’s stock worth $128,170,000 after buying an additional 799,633 shares during the period. State Street Corp boosted its holdings in shares of Digital Realty Trust by 3.6% in the third quarter. State Street Corp now owns 19,664,834 shares of the real estate investment trust’s stock worth $1,950,358,000 after buying an additional 687,715 shares during the period. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Digital Realty Trust by 29.4% in the first quarter. Centersquare Investment Management LLC now owns 2,685,997 shares of the real estate investment trust’s stock worth $380,875,000 after buying an additional 610,266 shares during the period. Institutional investors own 95.00% of the company’s stock.
Insider Buying and Selling
In related news, EVP Dyer Corey sold 4,401 shares of the business’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $104.19, for a total transaction of $458,540.19. Following the transaction, the executive vice president now owns 30,026 shares of the company’s stock, valued at $3,128,408.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Jeannie Lee sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.00, for a total transaction of $115,000.00. Following the transaction, the executive vice president now owns 10,975 shares of the company’s stock, valued at $1,262,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dyer Corey sold 4,401 shares of the business’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $104.19, for a total transaction of $458,540.19. Following the transaction, the executive vice president now directly owns 30,026 shares in the company, valued at approximately $3,128,408.94. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.
Digital Realty Trust Price Performance
Digital Realty Trust (NYSE:DLR – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($1.70). Digital Realty Trust had a net margin of 8.05% and a return on equity of 2.46%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business earned $1.67 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Digital Realty Trust, Inc. will post 6.66 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Tuesday, March 14th. Digital Realty Trust’s dividend payout ratio is 428.07%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on DLR. Citigroup raised their target price on shares of Digital Realty Trust from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Wells Fargo & Company cut shares of Digital Realty Trust from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $120.00 to $115.00 in a report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Digital Realty Trust from $110.00 to $115.00 in a report on Friday, December 16th. Barclays decreased their price target on shares of Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating for the company in a report on Monday, December 19th. Finally, BNP Paribas began coverage on shares of Digital Realty Trust in a report on Wednesday, December 14th. They set a “neutral” rating and a $128.00 price target for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust has an average rating of “Hold” and a consensus price target of $123.54.
About Digital Realty Trust
Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
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