500,000 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Sycomore Asset Management

Sycomore Asset Management acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 500,000 shares of the real estate investment trust’s stock, valued at approximately $80,915,000. Digital Realty Trust comprises approximately 11.8% of Sycomore Asset Management’s holdings, making the stock its biggest position. Sycomore Asset Management owned approximately 0.15% of Digital Realty Trust at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Clear Creek Financial Management LLC increased its position in Digital Realty Trust by 1.6% during the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after buying an additional 59 shares during the last quarter. Trueblood Wealth Management LLC raised its position in Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the last quarter. Gilman Hill Asset Management LLC raised its position in Digital Realty Trust by 1.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 65 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 66 shares during the last quarter. Finally, Telos Capital Management Inc. raised its position in shares of Digital Realty Trust by 0.8% during the 3rd quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock valued at $1,387,000 after acquiring an additional 71 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DLR. Scotiabank increased their target price 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 raised 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. Raymond James lifted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Barclays raised their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and an average price target of $169.47.

Digital Realty Trust Price Performance

DLR traded down $0.27 during midday trading on Thursday, reaching $177.86. 384,052 shares of the company’s stock were exchanged, compared to its average volume of 1,851,732. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $193.88. The stock has a market capitalization of $59.00 billion, a PE ratio of 149.11, a P/E/G ratio of 4.80 and a beta of 0.59. The business’s 50-day moving average price is $165.37 and its 200 day moving average price is $154.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

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

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.74%. Digital Realty Trust’s payout ratio is presently 410.08%.

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.