Digital Realty Trust, Inc. $DLR Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 131.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,886 shares of the real estate investment trust’s stock after acquiring an additional 19,788 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Digital Realty Trust were worth $6,031,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Motley Fool Asset Management LLC increased its position in shares of Digital Realty Trust by 9.9% during the second quarter. Motley Fool Asset Management LLC now owns 17,208 shares of the real estate investment trust’s stock worth $3,000,000 after acquiring an additional 1,548 shares during the period. Arcadia Investment Management Corp MI grew its stake in Digital Realty Trust by 17.1% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 17,818 shares of the real estate investment trust’s stock worth $3,106,000 after purchasing an additional 2,600 shares in the last quarter. Cim Investment Management Inc. increased its holdings in Digital Realty Trust by 99.6% during the 2nd quarter. Cim Investment Management Inc. now owns 22,734 shares of the real estate investment trust’s stock worth $3,997,000 after purchasing an additional 11,345 shares during the period. Simon Quick Advisors LLC raised its position in Digital Realty Trust by 1,417.7% in the 2nd quarter. Simon Quick Advisors LLC now owns 27,333 shares of the real estate investment trust’s stock valued at $4,765,000 after purchasing an additional 25,532 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock valued at $1,282,446,000 after buying an additional 211,692 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $150.11 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74. The stock has a market cap of $51.56 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 3.87 and a beta of 1.11. The firm has a fifty day moving average price of $163.90 and a 200 day moving average price of $169.20.

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

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DLR shares. Morgan Stanley began coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They set an “equal weight” rating and a $195.00 target price on the stock. Stifel Nicolaus set a $210.00 price objective on shares of Digital Realty Trust in a research report on Friday, October 24th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price on the stock in a report on Monday, October 20th. Finally, Loop Capital set a $205.00 price target on Digital Realty Trust in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $197.55.

Insider Activity

In other news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.