ABN Amro Investment Solutions Makes New $5.52 Million Investment in Digital Realty Trust, Inc. $DLR

ABN Amro Investment Solutions bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 31,635 shares of the real estate investment trust’s stock, valued at approximately $5,515,000.

Other hedge funds have also modified their holdings of the company. Summit Place Financial Advisors LLC increased its position in Digital Realty Trust by 2.0% in the 2nd quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 57 shares during the last quarter. Nvwm LLC grew its stake in shares of Digital Realty Trust by 1.9% in the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 60 shares in the last quarter. Riverbend Wealth Management LLC increased its holdings in Digital Realty Trust by 3.0% in the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 60 shares during the last quarter. Decatur Capital Management Inc. raised its position in Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock valued at $2,337,000 after acquiring an additional 61 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Digital Realty Trust by 1.3% in the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after acquiring an additional 63 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DLR. Wolfe Research upgraded shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target on the stock in a research note on Monday, October 20th. Raymond James Financial upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Loop Capital set a $205.00 target price on Digital Realty Trust in a report on Monday, October 27th. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Finally, Moffett Nathanson increased their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

Digital Realty Trust Trading Down 3.5%

Shares of Digital Realty Trust stock opened at $158.10 on Friday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company’s fifty day simple moving average is $171.54 and its 200-day simple moving average is $171.06. The company has a market cap of $54.31 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 4.13 and a beta of 0.96. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The firm had revenue of $1.58 billion during the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Digital Realty Trust Profile

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.