Perpetual Ltd Buys 2,570 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Perpetual Ltd increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 21.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,560 shares of the real estate investment trust’s stock after purchasing an additional 2,570 shares during the period. Perpetual Ltd’s holdings in Digital Realty Trust were worth $2,582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLR. First United Bank & Trust raised its position in shares of Digital Realty Trust by 10.9% in the 4th quarter. First United Bank & Trust now owns 5,094 shares of the real estate investment trust’s stock valued at $903,000 after buying an additional 502 shares in the last quarter. Ballentine Partners LLC increased its stake in Digital Realty Trust by 1.9% in the fourth quarter. Ballentine Partners LLC now owns 7,653 shares of the real estate investment trust’s stock valued at $1,357,000 after acquiring an additional 146 shares during the last quarter. Harbor Investment Advisory LLC raised its position in Digital Realty Trust by 53.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust’s stock valued at $2,937,000 after purchasing an additional 5,788 shares in the last quarter. Smith Salley Wealth Management boosted its holdings in shares of Digital Realty Trust by 4.6% in the 4th quarter. Smith Salley Wealth Management now owns 11,149 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 495 shares in the last quarter. Finally, Jackson Square Capital LLC increased its stake in shares of Digital Realty Trust by 20.4% in the 4th quarter. Jackson Square Capital LLC now owns 5,501 shares of the real estate investment trust’s stock valued at $975,000 after purchasing an additional 931 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 2.9 %

DLR opened at $183.56 on Wednesday. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The company has a fifty day moving average of $183.10 and a 200-day moving average of $167.08. The stock has a market cap of $60.89 billion, a PE ratio of 154.25, a price-to-earnings-growth ratio of 4.48 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Jefferies Financial Group raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Royal Bank of Canada raised their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.32.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.

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.