Balentine LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 46.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,863 shares of the real estate investment trust’s stock after purchasing an additional 1,224 shares during the period. Balentine LLC’s holdings in Digital Realty Trust were worth $387,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Digital Realty Trust by 1.1% in the third quarter. Vanguard Group Inc. now owns 45,428,164 shares of the real estate investment trust’s stock valued at $4,505,566,000 after purchasing an additional 483,852 shares during the period. BlackRock Inc. grew its position in Digital Realty Trust by 0.6% during the third quarter. BlackRock Inc. now owns 26,183,888 shares of the real estate investment trust’s stock valued at $2,596,919,000 after acquiring an additional 165,164 shares during the period. Cohen & Steers Inc. grew its position in Digital Realty Trust by 25.3% during the third quarter. Cohen & Steers Inc. now owns 21,480,318 shares of the real estate investment trust’s stock valued at $2,130,012,000 after acquiring an additional 4,341,066 shares during the period. State Street Corp grew its position in Digital Realty Trust by 3.6% during the third quarter. State Street Corp now owns 19,664,834 shares of the real estate investment trust’s stock valued at $1,950,358,000 after acquiring an additional 687,715 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Digital Realty Trust by 4.5% during the third quarter. Canada Pension Plan Investment Board now owns 4,121,944 shares of the real estate investment trust’s stock valued at $408,814,000 after acquiring an additional 178,600 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on DLR. Citigroup boosted their price target on Digital Realty Trust from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, March 6th. StockNews.com assumed coverage on Digital Realty Trust in a research note on Thursday, March 16th. They set a “sell” rating on the stock. Credit Suisse Group reduced their price objective on Digital Realty Trust from $81.00 to $80.00 and set an “underperform” rating on the stock in a research note on Friday, February 17th. Raymond James reduced their price objective on Digital Realty Trust from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, February 8th. Finally, BMO Capital Markets cut Digital Realty Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $121.00 to $100.00 in a research note on Monday, March 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $121.71.
Digital Realty Trust Trading Down 2.3 %
Digital Realty Trust (NYSE:DLR – Get Rating) last posted its earnings results on Thursday, February 16th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $1.68 by ($1.70). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Digital Realty Trust had a net margin of 8.05% and a return on equity of 2.46%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.67 earnings per share. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.74 earnings per share for the current fiscal year.
Digital Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Tuesday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 428.07%.
Insider Activity
In other news, EVP Jeannie Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,975 shares of the company’s stock, valued at $1,262,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Dyer Corey sold 4,401 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $104.19, for a total value of $458,540.19. Following the completion of the transaction, the executive vice president now directly owns 30,026 shares of the company’s stock, valued at approximately $3,128,408.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeannie Lee sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,975 shares of the company’s stock, valued at $1,262,125. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
Digital Realty Trust Company Profile
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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