Beck Bode LLC Buys New Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Beck Bode LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 44,052 shares of the real estate investment trust’s stock, valued at approximately $6,698,000. Digital Realty Trust accounts for about 1.3% of Beck Bode LLC’s portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust in the second quarter worth about $25,000. Gradient Investments LLC lifted its stake in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the period. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust during the second quarter worth approximately $27,000. Finally, Rise Advisors LLC lifted its position in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DLR shares. Barclays boosted their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. TD Cowen lowered their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Truist Financial increased their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $154.00.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $157.63 on Wednesday. The company has a market capitalization of $49.25 billion, a P/E ratio of 43.79, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. The business’s 50-day moving average price is $152.07 and its two-hundred day moving average price is $147.15. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Digital Realty Trust Profile

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.