1832 Asset Management L.P. Grows Stake in Digital Realty Trust, Inc. $DLR

1832 Asset Management L.P. raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,020 shares of the real estate investment trust’s stock after buying an additional 10,766 shares during the quarter. 1832 Asset Management L.P.’s holdings in Digital Realty Trust were worth $14,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DLR. Vanguard Group Inc. increased its position in Digital Realty Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock worth $9,220,759,000 after purchasing an additional 513,697 shares during the last quarter. Norges Bank bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $3,808,270,000. Geode Capital Management LLC raised its position in shares of Digital Realty Trust by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock valued at $1,536,795,000 after buying an additional 196,579 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Digital Realty Trust by 63.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after acquiring an additional 2,760,286 shares during the last quarter. Finally, Northern Trust Corp grew its position in Digital Realty Trust by 4.3% in the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock worth $759,609,000 after acquiring an additional 220,649 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $161.02 on Friday. The company has a 50 day moving average of $167.76 and a two-hundred day moving average of $170.37. The company has a market cap of $55.31 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 4.12 and a beta of 1.11. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $194.22.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data 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, analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.0%. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DLR shares. Citigroup boosted their target price on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Jefferies Financial Group boosted their price objective on shares of Digital Realty Trust from $205.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday. Wolfe Research upgraded shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price for the company in a report on Monday, October 20th. Daiwa Capital Markets began coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price objective on the stock. Finally, Barclays boosted their target price on Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.76.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 62,166 shares of company stock worth $10,814,808. 0.13% of the stock is owned by corporate insiders.

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.