Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Lifted by Vert Asset Management LLC

Vert Asset Management LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,278 shares of the real estate investment trust’s stock after buying an additional 3,609 shares during the quarter. Digital Realty Trust makes up about 7.1% of Vert Asset Management LLC’s holdings, making the stock its 4th biggest holding. Vert Asset Management LLC’s holdings in Digital Realty Trust were worth $20,597,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DLR. Bessemer Group Inc. lifted its stake in Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after acquiring an additional 9,865 shares during the period. Cetera Investment Advisers raised its holdings in Digital Realty Trust by 295.5% in the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after purchasing an additional 23,659 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Digital Realty Trust by 652.4% in the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock worth $4,454,000 after purchasing an additional 25,399 shares during the period. Choreo LLC boosted its stake in shares of Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after purchasing an additional 4,081 shares in the last quarter. Finally, Contravisory Investment Management Inc. increased its position in shares of Digital Realty Trust by 1,228.5% during the first quarter. Contravisory Investment Management Inc. now owns 56,196 shares of the real estate investment trust’s stock valued at $8,094,000 after buying an additional 51,966 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.0 %

DLR stock opened at $165.35 on Friday. The stock has a market capitalization of $51.66 billion, a P/E ratio of 45.93, a P/E/G ratio of 5.08 and a beta of 0.60. 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, Inc. has a 1-year low of $113.94 and a 1-year high of $165.65. The business has a fifty day moving average price of $155.83 and a 200-day moving average price of $149.69.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. Digital Realty Trust’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. Equities analysts forecast that Digital Realty Trust, Inc. will post 6.65 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 Monday, September 30th. Investors of record on Friday, September 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Wall Street Analyst Weigh In

Several brokerages have commented on DLR. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Truist Financial raised their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised their price objective on Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, TD Cowen reduced their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and an average target price of $157.17.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by insiders.

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.