Creative Planning increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 9.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,356 shares of the real estate investment trust’s stock after purchasing an additional 2,075 shares during the quarter. Creative Planning’s holdings in Digital Realty Trust were worth $2,773,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aspire Private Capital LLC acquired a new position in Digital Realty Trust in the 1st quarter valued at about $12,316,867,000. First Financial Corp IN grew its position in Digital Realty Trust by 93.9% in the 2nd quarter. First Financial Corp IN now owns 221 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 107 shares in the last quarter. City State Bank acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $25,000. Carolinas Wealth Consulting LLC grew its position in Digital Realty Trust by 156.1% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 167 shares in the last quarter. Finally, Quilter Plc acquired a new position in Digital Realty Trust in the 1st quarter valued at about $284,991,000. 99.71% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have weighed in on DLR. Deutsche Bank Aktiengesellschaft downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from $112.00 to $131.00 in a research report on Friday, August 25th. BNP Paribas upgraded Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $138.00 price objective for the company in a research note on Friday, July 28th. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the company an “outperformer” rating in a research note on Monday, August 7th. Jefferies Financial Group lifted their price objective on Digital Realty Trust from $132.00 to $144.00 in a research note on Friday, July 28th. Finally, Citigroup lifted their price objective on Digital Realty Trust from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.50.
Insiders Place Their Bets
In other Digital Realty Trust news, insider Cindy Fiedelman sold 2,770 shares of Digital Realty Trust stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $125.00, for a total transaction of $346,250.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.
Digital Realty Trust Trading Up 1.4 %
DLR opened at $119.05 on Tuesday. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 92.29, a price-to-earnings-growth ratio of 1.67 and a beta of 0.56. Digital Realty Trust, Inc. has a 52 week low of $85.76 and a 52 week high of $133.39. The business’s 50 day moving average is $124.19 and its two-hundred day moving average is $110.44. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.02.
Digital Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 378.30%.
About Digital Realty Trust
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.
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