Telos Capital Management Inc. Raises Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Telos Capital Management Inc. lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the third quarter, Holdings Channel.com reports. The fund owned 8,569 shares of the real estate investment trust’s stock after acquiring an additional 71 shares during the period. Telos Capital Management Inc.’s holdings in Digital Realty Trust were worth $1,387,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DLR. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $25,000. Gradient Investments LLC lifted its holdings in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust during the second quarter worth about $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust during the second quarter worth about $27,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth about $29,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.1 %

Shares of DLR stock opened at $165.16 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market cap of $51.60 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 5.08 and a beta of 0.60. The stock has a 50 day simple moving average of $156.16 and a 200-day simple moving average of $150.01. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $165.65.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on DLR. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. TD Cowen decreased their target price on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a report on Friday, July 26th. Finally, Truist Financial boosted their price target on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.17.

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.